Kenya is facing growing financial pressure as the country’s debt continues to rise, creating concern among experts, lawmakers, and citizens. The latest report presented to the National Assembly shows that Kenya’s national debt has now reached KSh11.7 trillion, a sharp jump from the previous year. This increase happened after the National Treasury borrowed more than
A former fraud expert with extensive experience in the National Treasury has raised serious concerns over Kenya’s borrowing under President William Ruto’s government. Bernard Muchere, a certified fraud examiner with over forty years of service at the Treasury, claims that in the past three years, the government has borrowed a total of Sh4.2 trillion. According
LNdindi Nyoro has raised strong concerns about the financial path the government is taking, particularly the heavy use of securitisation to raise funds. He warned that the strategy is nothing more than borrowing under a different name and could end up placing an even heavier financial burden on future generations. His remarks came during a