Kenyans up in arms over Ksh.257 billion IMF loan to Gov’t

By Citizen Reporter,

Kenyans are up in arms over continued borrowing by the government. Two days after the International Monetary Fund (IMF) approved the disbursement...

COVID-19 , GoK , IMF , Petition

81pc of Kenyans feel angry or fearful over country’s foreign debt: poll

By Citizen Reporter,

81percent of Kenyans feel angry, anxious or fearful over the level of the country's foreign debt, a poll conducted by Infotrak has revealed. Also R...

Foreign debt , loan

Uhuru assents to Supplementary Appropriation Bill, 2021, budget pushes up borrowing by Ksh.125.7B

By PSCU,

President Uhuru Kenyatta assented to the Supplementary Appropriation Bill, 2021 on Tuesday evening at State House, Nairobi. The Supplementary Appropr...

debt , Supplementary Appropriation Bill

China’s fleet now larger than US Navy

By CNN,

In 2018, Chinese President Xi Jinping donned military fatigues and boarded a People's Liberation Army Navy destroyer in the South China Sea. Spread...

china

Change of tune as DP Ruto now criticizes gov’t over rising public debt

By Sam Ogina,

In a dramatic change of position, DP William Ruto launched a scathing attack at the government’s heavy borrowing saying it continues to cripple the ...

debt , ruto , Uhuru

Gov’t to borrow more to finance recurrent expenditure if BBI passes

By Sam Gituku,

Should the Building Bridges Initiative-sponsored constitutional amendments take effect then the Kenyan government will have to effect structural chang...

BBI , National Treasury

Kenya lowers 2020 growth projection, sees rebound next year

By Reuters,

Kenya has lowered this year’s economic growth projection because the first half turned out worse than expected, but growth is expected to rebound in...

coronavirus

Europe will need at least 500 billion euros for recovery from COVID-19 pandemic

By Reuters,

Europe will need at least another 500 billion euros (Ksh.57 trillion) from European Union institutions to finance its economic recovery after the coro...

europe , European Stability Mechanism

Kenya to issue Ksh.150B roads bond by June -report

By Reuters,

Kenya will issue a Ksh.150billion roads bond by June, a local newspaper reported on Thursday, quoting a top government official. The bond will be t...

maringa , roads bond , Treasury

This is why Kenyans are broke

By Citizen,

News that President Uhuru Kenyatta was wondering why Kenyans are broke was the subject of public outrage this entire week. A report from a local me...

banks , debt , loans

‘For 7yrs we have lied about Kenya’s debt,’ Moses Kuria makes stunning revelations

By Duncan Mutwiri,

Gatundu South Member of Parliament Moses Kuria stunned many on Tuesday when he spoke on Kenya's debt burden that currently stands at Ksh.6 trillion. ...

Moses Kuria , parliament , Public debt

Anglican Archbishop Ole Sapit raises concern over gov’t debt

By Aly Abich,

The Anglican Church of Kenya (ACK) wants the government to slow down on foreign borrowing as well as stop imposing more taxes on citizens. ACK Archbi...

Anglican Church , Jackson Ole Sapit

MPs approve request to raise debt ceiling to Ksh.9 trillion

By Chemutai Goin,

Members of Parliament on Wednesday approved a request by the National Treasury to raise the public debt ceiling to Ksh.9 trillion from Ksh.6 trillion....

debt

Sponsored: Diaspora Chama Account makes saving for Back-at-Home projects easier

By Sponsored,

It’s human nature to associate and integrate closely with other people, especially people with an identical or similar focus and pursuits in life. ...

Diaspora , KCB , Tuungane Chama account

In race for No. 10, UK’s Johnson and Hunt vow to splash the cash

By Reuters,

Boris Johnson and Jeremy Hunt vowed to spend billions of pounds on public services, infrastructure and tax cuts on Sunday as the two men battling to b...

Boris Johnson , Conservative Party , European union , Jeremy Hunt , Theresa May

Pastor charged with defrauding church Ksh.3 million meant for renovations

By Sophie Njagi,

A pastor and her husband were on Monday charged with seven counts of forgery and fraud for lying that they were renovating a church. The two were a...

Chief Magistrate Heston Nyaga , Edward Otieno , Jitegemea Credit Scheme , Pastor Christine Anyango

Man who stole phone and used it to borrow Ksh.150K arraigned

By Sophie Njagi,

A man was on Monday arraigned in court for allegedly stealing a phone and using it to borrow over Ksh.150,000 from different financial institutions. ...

‘Public debt is within sustainable levels,’ CS Rotich insists

By Benjamin Muriuki,

The government has maintained that its debt is sustainable and projected to decline. According to Treasury CS Henry Rotich, loans granted to the go...

Budget 2019 , Henry Rotich , Public debt , world bank loan

Budget 2019: Gov’t to buy cars locally, introduce fuel cards to cut costs

By Benjamin Muriuki,

Treasury CS Henry Rotich has announced a raft of cost-cutting measures that he expects will reduce public spending and consequently the budget deficit...

2019/2020 budget , Henry Rotich

Bobi Wine; “Museveni wants to ruin me financially”

By Reuters,

Robert Kyagulanyi popularly known as Bobi Wine has accused the government of embarking on a mission to ruin him financially by blocking his concerts a...

Bobi Wine , Financially , Museveni , uganda