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CBK dollar reserves rise by Ksh.8.8 billion as shilling extends gains
By Kepha Muiruri, 1712, April 12, 2021 (EAT)
The Central Bank Kenya (CBK) dollar reserves have grown by Ksh.8.8 billion ($82 million) this past week on the back of new flows from external borrowi...

Central Bank of Kenya (CBK) , dollar , shilling
Kenya now in line to take up nearly Ksh.800 billion in Eurobonds
By Kepha Muiruri, 1826, April 7, 2021 (EAT)
Kenya is in line to take up nearly Ksh.800 billion in Eurobonds over the next 18 months as it marks its return to the international commercial debt ma...

Eurobond , external borrowing , International Monetary Fund (IMF) , National Treasury
Kenya’s debt will stand at Ksh.10.6 trillion in June 2025
By Kepha Muiruri, 1524, April 6, 2021 (EAT)
Kenya’s stock of debt will have shot up to Ksh.10.6 trillion by the close of June 2025 according to estimates by the National Treasury. This mean...

IMF , Kenya's debt , National Treasury
IMF board approves Ksh.255B loan, initial Ksh.33.5B to be issued in a few days
By Kepha Muiruri, 1031, April 3, 2021 (EAT)
The International Monetary Fund (IMF) has approved a 38-month program which will see Kenya receive a total of Ksh.255.1 billion ($2.34 billion) in loa...

Eurobond , International Monetary Fund (IMF) , Kenya's debt distress , World Bank
Kenya seeks extension of debt service relief from IMF, World Bank
By Kepha Muiruri, 1423, March 31, 2021 (EAT)
Kenya will be pushing for an extension of the external debt service suspension program when the World Bank and the International Monetary Fund (IMF) m...

debt , loan , Yatani
Treasury’s headache after Parliament cuts down local borrowing
By Kepha Muiruri, 1553, March 9, 2021 (EAT)
The National Treasury is facing a migraine after Members of Parliament approved proposals limiting its reliance on domestic borrowing. The proposal...

CS Yatani , domestic borrowing , Kenya's debt distress , National Treasury
Kenya’s credit rating downgraded on debt woes
By Kepha Muiruri, 1443, March 8, 2021 (EAT)
Kenya has earned yet another ratings downgrade over its rising debt vulnerabilities with the Standards & Poor's (S&P) lowering the country’s...

credit rating , Kenya's debt distress , National Treasury , Standards and Poor's
Treasury on the spot over zero funding for vaccines
By Kepha Muiruri, 1311, March 6, 2021 (EAT)
The National Treasury has come under fi re for the non-allocation of resources for the procurement of COVID-19 vaccines in the financial year commenci...

2021/22 , COVID-19 , National Treasury , vaccines
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
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
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
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
Treasury to favour Euro-denominated loans
By Kepha Muiruri, 1854, December 1, 2020 (EAT)
The National Treasury says it will now favour taking out Euro-denominated loans over credit extended in US dollar terms as it seeks to minimize Kenya�...

CS Ukur Yatani , Kenya's debt , National Treasury
Kenya’s debt to hit Ksh.10.4T by June 2024
By Kepha Muiruri, 1440, October 29, 2020 (EAT)
Kenya’s debt is expected to sky rocket to Ksh.10.4 trillion by the end of June in 2024 from the present stock of Ksh.7.1 trillion according to a jus...

debt , National Treasury
Kenya’s debt races past Ksh.7 trillion
By Kepha Muiruri, 1537, October 12, 2020 (EAT)
Kenya’s stock of debt zoomed past the Ksh.7 trillion mark in August wounding up at Ksh.7.1 trillion from a flat Ksh.6 trillion at the start of 2020....

debt crisis , National Treasury