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Tag · Kenya's debt

Kenya's debt

2 articles
Kenya's debt · LEAD

Kenya Kwanza: Debt Payments to Exceed Sh7 Trillion Over the Next Five Years

Kenya Kwanza administration has allocated a budget of Sh7 trillion to pay off debt during its first term, starting from July 1. This highlights the significant debt burden inherited from previous administrations. According to revised estimates from the Treasury, the cumulative cost of debt payments will amount to Sh7.071 trillion from the fiscal year 2023/24 […]

Business
Economy

Kenya pays Sh1.7bn to bag foreign loans

The Controller of Budget (COB) Mrs. Margret Nyakango has flagged the National Treasury for Sh1.65 billion paid to secure future loans arguing that borrowings should now be cancelled to ease the burden of payment on taxpayers. The amount is paid as commitment fees charged on borrowers for credit that has not been advanced as a […]

Economy

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