Back to today’s briefing

Story perspectives

Kenya Faces Sh18.9 Billion Loss Amid Loan Delays

2/17/2025

31 3

Summary

Story summary

Kenya's Parliamentary Budget Office (PBO) reveals a staggering Sh18.9 billion loss in commitment fees due to delays in using contracted loans over the past eight years. With Sh1.38 trillion in debt still undisbursed as of June 2024, the PBO calls for urgent reforms to prevent further financial strain and manage the escalating debt crisis.

1 of 1

Story summary

Kenya's Parliamentary Budget Office (PBO) reveals a staggering Sh18.9 billion loss in commitment fees due to delays in using contracted loans over the past eight years. With Sh1.38 trillion in debt still undisbursed as of June 2024, the PBO calls for urgent reforms to prevent further financial strain and manage the escalating debt crisis.