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Debt crisis puts children’s services at risk, Ruto says
News

Debt crisis puts children’s services at risk, Ruto says

The President's remarks came against a backdrop of growing concern over the amount developing countries are spending to service debt. UNICEF, in its State of the World’s Children 2025 report, said 45 developing countries were spending more on debt interest than on health, while 22 were spending more on interest than education.

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14 Riverside owners challenge law on interest from court debts
Nairobi

14 Riverside owners challenge law on interest from court debts

The principle generally prevents interest recoverable on a debt from exceeding the outstanding principal. Cape Holdings wants the court to determine whether it is constitutional to allow interest on a debt already determined by a court to continue accumulating beyond the principal amount.

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MPs seek new powers for CoB to track billions in state funds
News

MPs seek new powers for CoB to track billions in state funds

The National Assembly Committee on Constitutional Implementation Oversight says the current legal framework has left a large amount of public money outside the direct reach of the Controller of Budget, with 75 funds and levies at the national level and several others at the county level operating as potential blind spots.

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