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Debt

Accounting officers to blame for pending bills; we will take them to court

Today’s businessperson is well between a wall and hard rock. If it is not the rising cost of goods, it is the revenue man, the banker and all this would easily be avoided if bills were timely paid.

By Simon Gichuki 12 days ago

Accounting officers to blame for pending bills; we will take them to court

Ruto: My plan for Kenya's Sh8 trillion debt

Ruto: My plan for Kenya's Sh8 trillion debt

By Fred Kagonye 19 days ago

Debt repayment holiday saves government over Sh256 billion

Debt repayment holiday saves government over Sh256 billion

By Dominic Omondi 20 days ago

Where the rains started beating broke Moi University

Where the rains started beating broke Moi University

By Peter Odhiambo 1 month ago

Tough options for next regime as Senate okays Sh10tr debt ceiling

When Kibaki took over from the late President Moi in 2002, Kenya's debt was about Sh630 billion while Mzee Jomo Kenyatta left it at Sh1.17 billion by the time he died in 1978.

By Jacob Ngetich 1 month ago

Tough options for next regime as Senate okays Sh10tr debt ceiling

Controller issues fresh warning on public debt, calls for restructuring

The public debt stock is projected to be Sh8.6 trillion by the end of this month, against the current debt ceiling of Sh9 trillion, which MPs recently pushed to Sh10 trillion.

By Patrick Kibet 1 month ago

Controller issues fresh warning on public debt, calls for restructuring

Musalia accuses Uhuru of economic sabotage over huge loans 'with no value'

Mudavadi said that the loans could as well be a scheme to leave the country in a mess as he (Kenyatta) exits in two months.

By Robert Amalemba Waswani 2 months ago

Musalia accuses Uhuru of economic sabotage over huge loans 'with no value'

State cuts pending bills to suppliers and contractors

Pending bills stood at Sh307.8 billion in March last year and have been rising over time to hit Sh423.2 billion in September, before swelling to Sh467.7 billion in December.

By Patrick Alushula 2 months ago

State cuts pending bills to suppliers and contractors

MPs approve Treasury's proposal to raise debt ceiling to Sh10 trillion

Ukur Yatani had proposed to shift the debt ceiling to an anchor of 55 per cent of the Gross Domestic Product (GDP) in net present value terms.

By Grace Ng'ang'a 2 months ago

MPs approve Treasury's proposal to raise debt ceiling to Sh10 trillion

Public debt: What's the ideal level?

The debt ceiling should not be an absolute figure but a percentage of GDP.

By XN Iraki 2 months ago

Public debt: What's the ideal level?

Why debt ceiling is a poor tool to cut public borrowing

In principle, the debt ceiling is a downstream tool - a stop gap at the end of a process of fiscal management that includes budgeting, taxation, and deficit financing.

By Odhiambo Ramogi 2 months ago

Why debt ceiling is a poor tool to cut public borrowing

KCB sues Nairobi County over Sh4b decade-long loan dispute

KCB is demanding Sh4.2 billion and Sh9 million in costs. Its chief executive officer raised concern about the county’s default to the Treasury CS in 2019 but the situation has not changed.

By Kamau Muthoni 2 months ago

KCB sues Nairobi County over Sh4b decade-long loan dispute

Debt has allowed country to grow faster, says Uhuru

President Uhuru Kenyatta’s administration has borrowed over Sh6.5 trillion since it came to power in early 2013

By Dominic Omondi 2 months ago

Debt has allowed country to grow faster, says Uhuru

We need to hold candid discussion on public debt

MPs have an opportunity to fix this debate once and for all, at least for the sake of the next administration.

By Editorial 2 months ago

We need to hold candid discussion on public debt

MPs rejection of Finance Bill good, but let's explore ways of reducing debt

A fruitful debate on reducing the public debt will lead to an honest conversation on the development of a national tax policy.

By Ken Gichinga 2 months ago

MPs rejection of Finance Bill good, but let's explore ways of reducing debt

Treasury raises debt ceiling to Sh10 trillion

Treasury Cabinet Secretary Ukur Yatani raised the debt ceiling from the current Sh9 trillion, even as the government inched to breaching this limit.

By Dominic Omondi 2 months ago

Treasury raises debt ceiling to Sh10 trillion

How fear of debt bred crooked millionaires in civil service

The nature of civil service work demands that many take decisions or deal with matters which personally affect members of the public or their colleagues in government.

By Amos Kareithi 2 months ago

How fear of debt bred crooked millionaires in civil service

Numbers don't lie, but they point to harder times ahead

If citizens are facing insuperable hardship, such can be attributed to the onerous debt burden the country has to bear.

By Leonard Khafafa 3 months ago

Numbers don't lie, but they point to harder times ahead

Sri Lanka unilaterally suspends external debt payments

Sri Lanka's central bank said on Tuesday it had become "challenging and impossible" to repay external debt.

By Reuters 4 months ago

Sri Lanka unilaterally suspends external debt payments

Troubled Kenya Airways defaults on Sh25b government loan

KQ also failed to honour debt covenants on various other loans, including that from the African Export-Import Bank, Citibank NA and JP Morgan NA.

By Patrick Alushula 4 months ago

Troubled Kenya Airways defaults on Sh25b government loan

How entrepreneurs make their money

It depresses to keep on sinking deeper into debts, but there are clever entrepreneurs, who, despite having money, make money out of debts.

By Paul Kariuki 4 months ago

How entrepreneurs make their money

It’s time we addressed the question of public debt with brutal honesty

Eventually, every penny borrowed by government must be repaid with taxes either in the medium or long-term.

By Patrick Muinde 4 months ago

It’s time we addressed the question of public debt with brutal honesty

Enter the Chinese dragon puffing a fire of billions and corruption

Chinese billions also come with a fair share of problems, especially during President Kenyatta’s first term when more loans flowed in from Beijing.

By Dominic Omondi 4 months ago

Enter the Chinese dragon puffing a fire of billions and corruption

We must scrutinise projects funded through public-private partnerships

The question clearly implied the perceived captive Chinese debts linked to key infrastructure projects in the country.

By Patrick Muinde 4 months ago

We must scrutinise projects funded through public-private partnerships

Sri Lanka reaches out to IMF for help amidst rising national debt

IMF had warned of ballooning national debt in Sri Lanka as the economy faces “mounting challenges”

By Agencies 4 months ago

Sri Lanka reaches out to IMF for help amidst rising national debt

Fact-Check: Kenya’s debt situation not worse since handshake as Ruto claims

CBK shows that the public debt stands at Sh8.2 trillion as at the end of December 2021.

By Dominic Omondi 4 months ago

Fact-Check: Kenya’s debt situation not worse since handshake as Ruto claims

When KJ failed to expound on a medium-term debt strategy

The Muhesh had one job on Tuesday: Table an amendment on the motion on the Medium-Term Debt Management Strategy.

By Brian Otieno 5 months ago

When KJ failed to expound on a medium-term debt strategy

Nyeri county reports zero pending bills, tables Sh7.7 billion budget

The document was prepared by the County Finance Department and is awaiting approval by the Assembly.

By Lydiah Nyawira 5 months ago

Nyeri county reports zero pending bills, tables Sh7.7 billion budget

Uhuru’s huge debt appetite fails to stimulate economy

Since 2013, Jubilee administration has borrowed more than three times the loans taken by the previous three governments combined.

By Dominic Omondi 5 months ago

Uhuru’s huge debt appetite fails to stimulate economy

World Bank warns on risk of private debts to poor nations

The bank’s surveys showed 46 per cent of small and medium-sized businesses in developing countries expected to fall behind on debt payments.

By Reuters 5 months ago

World Bank warns on risk of private debts to poor nations

Voting delays risk starving Somalia of budget funds, says IMF

Riven by civil war since 1991, Somalia has paid its bills since 2017 thanks to the IMF as it slowly rebuilds its institutions.

By Reuters 5 months ago

Voting delays risk starving Somalia of budget funds, says IMF

Now debt burden for poor nations hits 20 year high

Data compiled by Jubilee shows that developing countries' debt payments rose 120 per cent between 2010 and 2021.

By Reuters 6 months ago

Now debt burden for poor nations hits 20 year high

Pledges are fine, but test is in financing them

Elections don’t normally involve debates around state of public finances with no concrete transaction-level promises on how to reduce, manage.

By Dennis Kabaara 6 months ago

Pledges are fine, but test is in financing them

Kenya’s sky-rocketing debt shoots past Sh8trn

Country’s public debt, including guaranteed loans, stood at Sh7.996 trillion as at last September. In December, Kenya received Sh29 billion from IMF.

By Dominic Omondi 7 months ago

Kenya’s sky-rocketing debt shoots past Sh8trn

China's foreign minister visits Kenya amid unease over rising debt

Kenya is the second of three stops on the foreign minister’s African tour, after Eritrea and before Comoros.

By Duncan Miriri 7 months ago

China's foreign minister visits Kenya amid unease over rising debt

Changes you should consider this year

Although you probably have your unique list of things you would like to change about yourself, you should consider adopting some of these.

By Esther Muchene 7 months ago

Changes you should consider this year

Economy could be disrupted by political violence, warns IMF

General elections could also pressure budget execution and reform implementation - leading to socio-political tensions.

By Dominic Omondi 7 months ago

Economy could be disrupted by political violence, warns IMF

China rejected Kenya's request for Sh32.8b debt moratorium

China is Kenya’s largest bilateral lender with an outstanding debt of Sh692 billion.

By Dominic Omondi 7 months ago

China rejected Kenya's request for Sh32.8b debt moratorium

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