Category: Business News
Treasury Cabinet Secretary (CS) John Mbadi has revealed that Kenya’s public debt has reached Ksh 11.81 trillion, equivalent to 67.8 percent of the country’s Gross Domestic Product (GDP) as of June 2025. Addressing financial journalists in Nairobi on Monday, the CS said the debt, though assessed as sustainable, remains under a heightened risk of distress […]
The Government of Kenya has successfully raised USD 1.5 billion (Ksh193.5 billion) from international investors to refinance existing debt and improve the country’s fiscal stability. The announcement was made by National Treasury Cabinet Secretary John Mbadi, who said the funds will be used to repay the outstanding USD 1 billion Eurobond due in 2028 ahead […]
International oil prices dropped sharply at the beginning of October 2025, with Murban oil prices falling to USD 65.59 per barrel on October 2, down from USD 69.85 per barrel on September 25, according to the latest Central Bank of Kenya (CBK) Weekly Bulletin. The decline was attributed to market expectations of a potential OPEC+ […]
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