Kenya to settle Sh161b debt by October as Mbadi admits government wastage

National Treasury CS John Mbadi addressing the media outside Treasury Building in Nairobi on February 13, 2025, where they outline the progress made by the government in boosting momentum towards putting money in people's pockets. [Boniface Okendo, Standard]

Kenya has exactly eight months to settle a Sh161 billion debt, Treasury Cabinet Secretary John Mbadi has said.

Speaking on Spice FM on Thursday, February 27, Mbadi noted that the debt, which accrued from commercial loans (Eurobonds and syndicated loans), is due by October 2025.