The rise in debt comes even as the government has accelerated a series of liability management operations designed to smoothen repayment schedules and reduce refinancing risks associated with...
By
Kabui Mwangi
Correspondent
Nation Media Group
Kenya's public debt rose by Sh533 billion in the three months to March, underscoring the mounting financing needs facing the Treasury amid loan buybacks and refinancing deals.
Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.
At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya…
The government plans to use an extra Sh5 from the fuel levy as collateral to raise Sh120 billion for road projects, increasing…
The government’s determination to widen the tax base reflects an attempt to curb excessive borrowing and restore fiscal stability.
Every loan agreement, including bilateral infrastructure deals and Eurobonds, must be laid before Parliament and the public.
The non-payment of interest has contributed to the airline’s debt owed to the government growing to Sh131.4 billion in the year…
