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Laikipia becomes fourth county to earn credit ratings
By Kepha Muiruri, 1658, February 23, 2021 (EAT)
Laikipia has become the fourth County to earn credit ratings as the devolved units continue to gear up for independent borrowing. On Tuesday, the C...

GCR , Laikipia County.
Change of tune as DP Ruto now criticizes gov’t over rising public debt
By Sam Ogina, 1034, February 22, 2021 (EAT)
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
New IMF, World Bank loans trim Kenya’s debt refinancing risks
By Kepha Muiruri, 1541, February 16, 2021 (EAT)
Kenya’s change of tact to re-integrate cheap financing from the International Monetary Fund (IMF) and the World Bank has served to trim the country�...

2021 MTDS , debt refinancing , National Treasury
Inside gov’t Ksh3.5 trillion 2021/22 spending plan
By Kepha Muiruri, 1607, February 15, 2021 (EAT)
Kenya’s 2021/22 budget is expected to top Ksh.3.5 trillion with National Treasury divulging details to the spending plans in the 2021 Budget Policy ...

2021/22 budget , Kenya debt , National Treasury
Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond
By Kepha Muiruri, 1512, February 13, 2021 (EAT)
National Treasury Cabinet Secretary Ukur Yatani is set to make his debut in the international capital markets with a Ksh.123.5 billion Eurobond in the...

2021 Budget Policy Statement (BPS) , CS Ukur Yatani , Kenya's debt , National Treasury
Treasury seeks redemption in Ksh.18 billion February bond-tap sale
By Kepha Muiruri, 838, February 11, 2021 (EAT)
The National Treasury has sought Ksh.18 billion in additional borrowing from the domestic market having fallen short of its initial target to raise Ks...

local borrowing , National Treasury
Gov’t to borrow more to finance recurrent expenditure if BBI passes
By Sam Gituku, 1259, February 5, 2021 (EAT)
Should the Building Bridges Initiative-sponsored constitutional amendments take effect then the Kenyan government will have to effect structural chang...

BBI , National Treasury
Treasury misses Ksh.50B target on February bonds as investor funds dry up
By Kepha Muiruri, 1257, February 4, 2021 (EAT)
The National Treasury has missed its target of raising Ksh.50 billion from bonds in February on tightening liquidity in the financial markets. The ...

domestic borrowing , National Treasury
Kenya adds Ksh.1.2T to debt stock in 2020
By Kepha Muiruri, 1549, February 1, 2021 (EAT)
Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...

coronavirus , debt
Kenya aims to ‘reconfigure’ external debt, central banker says
By Reuters, 808, January 29, 2021 (EAT)
Kenya’s government aims to “reconfigure” its external debt, its central bank governor said on Thursday, without immediately elaborating. The ...

CBK , debt
KenGen doubles profit to Ksh.18.4B on tax credits, flat costs
By Kepha Muiruri, 1039, January 28, 2021 (EAT)
Electricity generating company KenGen has announced a Ksh.18.4 billion profit for the year ending in June 2020 having more than doubled earnings fron ...

kengen , Rebecca Miano
Treasury eyes Ksh.50 billion from February bonds
By Kepha Muiruri, 1755, January 27, 2021 (EAT)
The National Treasury has set its sights on raising Ksh.50 billion in locally contracted debt from the sale of bonds in February. The Central Bank ...

local borrowing , National Treasury
Treasury to borrow Ksh.1 trillion by June
By Kepha Muiruri, 1434, January 26, 2021 (EAT)
The National Treasury is expected to borrow Ksh.1 trillion in the current financial year ending on June 30, 2021 following upward adjustments to spend...

borrowing , fiscal deficit , National Treasury
61 per cent of half-year tax revenues eaten up by debt payments
By Kepha Muiruri, 1826, January 25, 2021 (EAT)
Data now shows that 61.4 per cent of all taxes raised between July and December 2020 or about 61 shillings for every 100 shillings raised by the gover...

domestic borrowing , Kenya's public debt , National Treasury
Treasury bags Ksh.137B from bonds in January
By Kepha Muiruri, 1417, January 21, 2021 (EAT)
The National Treasury has continued to find easy pickings from the local debt market having added another Ksh.81.1 billion from an infrastructure bond...

Central Bank of Kenya (CBK) , domestic borrrowing , National Treasury
Debt pain as interest payments now eat up 30pc of revenues
By Kepha Muiruri, 1645, January 19, 2021 (EAT)
For every 100 shillings in tax collected, the government is channelling 30 shillings towards interest repayments on debt as Kenya’s debt pressure ti...

debt , IMF
Cash-strapped Treasury now faces highest domestic debt servicing costs
By Kepha Muiruri, 1833, January 15, 2021 (EAT)
A cash-strapped National Treasury is now facing its highest domestic debt servicing costs in the 2020/21 financial year. The exchequer is expected ...

domestic borrowing , National Treasury
World Bank sees strong growth for Kenya in 2021
By Kepha Muiruri, 1620, January 7, 2021 (EAT)
The World Bank Group expects Kenya to lead the Sub-Saharan region out of the economic shackles of 2020 in the New Year. In its early predictions fo...

debt , Kenya's GDP , World Bank Group
2020 review: On public debt, it’s from the frying pan towards fire
By Kepha Muiruri, 1028, December 31, 2020 (EAT)
In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...

2020 Year in Review , CS Ukur Yatani , National Treasury , Public debt
Treasury eyes Ksh.75 billion from the local debt market in January
By Kepha Muiruri, 1242, December 23, 2020 (EAT)
The National Treasury has set its sights on tapping Ksh.75 billion from the local debt market in January 2021. The Central Bank of Kenya (CBK) whic...

domestic borrowing , National Treasury