Story perspectives

Kenya's Debt Hits KSh 12 Trillion, Urgent Reforms Needed

10/10/2025

Summary

Story summary

Kenya’s public debt has reached KSh 12 trillion, with 70% of revenue to debt.
Treasury Cabinet Secretary John Mbadi says debt management must improve to restore investor confidence.
The World Bank urges higher consumption taxes to address unpaid bills, risking public backlash.
From May to August 2025, the government secured KSh 95.5 billion in loans, two USD and two euros.
Opposition leaders warn that unchecked borrowing could cause dire consequences.

1 of 1

Story summary

Kenya’s public debt has reached KSh 12 trillion, with 70% of revenue to debt.
Treasury Cabinet Secretary John Mbadi says debt management must improve to restore investor confidence.
The World Bank urges higher consumption taxes to address unpaid bills, risking public backlash.
From May to August 2025, the government secured KSh 95.5 billion in loans, two USD and two euros.
Opposition leaders warn that unchecked borrowing could cause dire consequences.