Search

Economy

Kenya’s Domestic Debt Surges to Sh6.2 Trillion, Raising Economic Concerns 

2 min Read Time

Kenya’s domestic debt has surpassed Sh6.2 trillion, a significant increase from Sh4.4 trillion when President William Ruto’s administration took office in September 2022. This 41% rise over approximately two and a half years underscores the government’s growing reliance on local borrowing to finance its budget deficits. The shift towards domestic borrowing is attributed to reduced access to .......

This Article is Locked!

Experience exclusive content for free! We’re unlocking all features for new members, but this access won’t last forever. Don’t miss your chance—secure your spot now!



Related Articles

Read article
How the new CBK loan pricing formula will affect consumers and banks
Economy

How the new CBK loan pricing formula will affect consumers and banks

The Central Bank of Kenya (CBK) has unveiled a new loan-pricing framework that will see the Kenya Shilling Overnight Interbank Average (KESONIA) replace opaque internal...

Read article
Banks Go on Auction Frenzy as Kenya’s Bad Loans Soar Past Sh700 Billion
Economy

Banks Go on Auction Frenzy as Kenya’s Bad Loans Soar Past Sh700 Billion

Kenyan banks have ramped up auctions of repossessed assets as non-performing loans (NPLs) surge past Sh700 billion, hitting a 17.2% share of all outstanding loans—the...

Read article
Ruto Approves Construction of 3 Hotels in Meru National Park as Ngong Forest Project Faces Public Fury
Economy

Ruto Approves Construction of 3 Hotels in Meru National Park as Ngong Forest Project Faces Public Fury

In a swift policy pivot that is already stirring debate, President William Ruto has given the green light for the construction of three high-end hotels...

Read article
CBK Licenses 41 More Digital Lenders, Total Now at 126 Amid Regulatory Push
Economy

CBK Licenses 41 More Digital Lenders, Total Now at 126 Amid Regulatory Push

The Central Bank of Kenya (CBK) has approved 41 additional Digital Credit Providers (DCPs), increasing the total number of licensed digital lenders to 126. This...

Read article
Mobius Rescued: The Middle Eastern Investor Betting Big on Kenya’s Car Industry
Economy

Mobius Rescued: The Middle Eastern Investor Betting Big on Kenya’s Car Industry

Kenya’s struggling car manufacturer, Mobius Motors, has been salvaged from the brink of collapse. The company, which was staring down financial ruin, has been scooped...

Read article
Treasury Hunts for Funds to Settle Parastatal Staff as Mergers Loom
Economy

Treasury Hunts for Funds to Settle Parastatal Staff as Mergers Loom

Treasury Hunts for Funds to Settle Parastatal Staff as Mergers Loom The National Treasury is scrambling to secure funds to pay off public workers set...