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.
By Maureen KinyanjuiThe report, Corruption Risk Assessment of Infrastructure Projects in Kenya, indicates that the SGR recorded the highest corruption risk among three major projects reviewed between September 2025 and March 2026.
By Maureen KinyanjuiEdith Siddindo says the increase in billionaires across major economies such as the United States and China, each with over 1,000 billionaires, stands in sharp contrast to millions of people who continue to live from one paycheck to another with little or no savings.
By Chrispho OwuorThe report shows that the University of Eldoret carries the largest share of unpaid fees at Sh890.9 million. Maasai Mara University follows with Sh596 million, while Dedan Kimathi University has Sh584.2 million in outstanding balances. The auditor notes that a significant portion of the debts has remained unpaid for long periods, increasing the risk of losses.
By Maureen KinyanjuiThe previous IMF arrangement ended in March this year, one month before its planned expiry, after the country failed to meet several performance targets, including raising more tax revenue. The collapse of that programme left the State seeking new room for credit at a time when its access to IMF funds is already tight due to nearly maxed-out limits.
By Maureen KinyanjuiThe latest findings by the National Assembly Committee on Health show that one year after SHA took over from NHIF, many hospitals have continued to wait for funds that were already approved but never paid.
By Maureen KinyanjuiDuring the weekend session with the taskforce, Committee Chairperson and Vihiga Senator Godfrey Osotsi stressed the need for a complete account from every devolved unit. He said this would allow the team to produce a final report that covers all counties, especially those with the heaviest backlogs.
By Maureen KinyanjuiAccording to the latest data from the National Treasury, net borrowing from domestic sources reached Sh339.7 billion, while external lenders contributed Sh98.1 billion. This represents nearly half (48.6%) of the annual borrowing target of Sh901 billion, which is set at Sh613.5 billion for local markets and Sh287.4 billion from external sources.
By Maureen KinyanjuiTreasury data shows that Kenya’s debt to the US dropped sharply to $185.47 million (Sh23.9 billion) by June, from $310.13 million (Sh40 billion) a year earlier. This reduction now places the US behind Belgium and Italy among Kenya’s bilateral lenders, marking a significant shift in debt structure.
By Rose AchiengTreasury Cabinet Secretary John Mbadi said the bond issue will build on a bridge financing programme worth Sh104 billion that government completed recently to help ease liquidity pressures faced by road firms. Out of that amount, Sh93 billion has already been distributed to contractors, allowing many stalled projects to resume and speeding up work at sites that had nearly been abandoned.
By Ann NyamburaCS Mbadi explained that Sh6.33 trillion is domestic debt while Sh5.48 trillion is owed to external lenders, including the World Bank, African Development Bank, China, and Eurobond investors.
By Maureen KinyanjuiDuring an inspection visit to CUE offices in Gigiri, Nairobi, Members of Parliament voiced concern over the proliferation of forged degrees, insufficient staff, and a Sh935.7 million debt owed to the Commission.
By Maureen KinyanjuiAppearing before the National Assembly Committee on Public Debt and Privatization, Kenya Airways chief executive officer Allan Kilavuka gave a detailed account of how the 2012 expansion plan aimed at transforming the airline into Africa’s leading carrier by 2021 turned into one of the country’s most costly corporate failures.
By Rose AchiengThe National Assembly’s Committee on Sports and Culture flagged the financing plan, intended to support one of the main venues for the 2027 Africa Cup of Nations, for lacking transparency and sufficient public consultation.
By Maureen KinyanjuiThe Digital Debt Automation System will gather all loans from both national and county governments into a single platform.
By Ann NyamburaAlongside unpaid debts, hospitals were also flagged for weak revenue collection systems. The Auditor-General found that 223 hospitals failed to collect Sh11.35 billion in revenue during the year.
By Rose AchiengDomestic lenders accounted for the bulk of debt service in the year under review. Of the Sh1.7 trillion spent on public debt, Sh992.4 billion went to domestic creditors, with interest payments forming the largest share.
By Maureen KinyanjuiThe Auditor-General’s report shows uncollected taxes have surged to Sh2.3 trillion, more than double the Sh999.6 billion reported last year.
By Maureen KinyanjuiSpeaking during the devolution conference in Homa Bay, Mbadi said the arrears had risen sharply from Sh23.3 billion in recent years to over Sh103 billion, describing the situation as deeply worrying.
By Maureen KinyanjuiThe audit further revealed that six universities recorded operating deficits totaling Sh3.2 billion, meaning their expenditures exceeded revenue.
By Maureen KinyanjuiA significant portion, Sh2.7 billion, is linked to legal fees owed to at least a dozen law firms, while the rest includes Sh360 million for logistics, mostly owed to the Postal Corporation of Kenya, and Sh920 million under other miscellaneous claims.
By Maureen KinyanjuiThe National Assembly’s Debt and Privatisation Committee, in a report on the Consolidated Fund Services (CFS) budget under Supplementary Budget III, noted that the absence of such a policy has hindered Kenya’s ability to take advantage of key tools like prepayments, debt swaps, and restructuring.
By Maureen KinyanjuiPS Beatrice Inyangala urged institutions to reform their structures and adopt sustainable financial practices.
By Maureen KinyanjuiTreasury Cabinet Secretary John Mbadi on Thursday said the State is banking on PPPs to deliver 32 projects that include the construction of electricity transmission lines, dams, and roads.
By Maureen Kinyanjui