Tag: National Treasury
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 […]
National Treasury Cabinet Secretary (CS) John Mbadi has dismissed claims that Kenya is borrowing to repay existing debt, insisting that recent Eurobond plans are part of a broader strategy to manage the country’s maturing obligations and ease economic strain. Speaking during a press briefing, Mbadi said the government’s move to issue another Eurobond was a […]
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 […]
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