The Kenya Kwanza government is considering issuing Eurobonds to manage and ease its maturing debt burden, according to newly published Budget documents.
The police fleet is facing a crisis, with vehicles stalling nationwide due to the government’s failure to pay for maintenance and fuel.
A report from Africa News reveals Kenya, at USD 3.02 billion, to be the second most indebted African country to the International Monetary Fund.
A damning report by AfriCOG accuses Parliament of failing to fulfill its constitutional duty regarding government borrowing, leading to a ballooning national debt and a future burden on taxpayers.
The Controller of Budget Dr Margaret Nyakang’o has raised concern over ballooning public debt.
The High Court has ordered the government to make public information on foreign debts and sovereign bonds or contracts signed on behalf of Kenyans.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
Join