Court orders auction of MP Salasya’s property over unpaid debt
A court order has been secured by auctioneers to sell the assets belonging to Mumias East Member of Parliament Peter ...
Thursday, May 15, 2025
Tag: Debt
Spain demands repayment of KES 1.2billion debt from Kenya
Kenya is embroiled in a diplomatic dispute concerning unpaid bills exceeding KES 1.2 billion, primarily related to the construction of ...
Somalia secures USD 4.5 billion debt write-off in decade-long effort
After a decade of negotiations and reforms, Somalia has successfully secured a remarkable USD 4.5 billion debt write-off from global ...
Central bank takes bold steps to tackle economic challenges
In a recent development, Kenya’s Monetary Policy Committee (MPC) implemented the second increase in the benchmark Central Bank Rate (CBR) ...
Setback for Zambia as creditors reject debt relief deal
A hard-fought debt relief agreement between Zambia and its Eurobond creditors unraveled Friday, plunging the copper-rich southern African country's efforts ...
Kenya’s fiscal strategy faces challenges amidst rising debt
Kenya's National Treasury has proactively addressed potential fiscal challenges by appointing Citi and Standard Bank as joint lead managers, signaling ...
Rising concerns as Kenya’s external debt outpaces domestic debt growth
According to data from the Central Bank of Kenya's (CBK) weekly bulletin, Kenya's public and publicly guaranteed external debt increased ...
Debt pressures mount as Kenya’s supplementary budget grows
The National Treasury has presented the government's first Supplementary Budget for the FY2023/24. Notably, the total expenditure has increased by ...
The debt anchor law: Ambitious but plausible?
On Friday, October 13, 2023, President William Ruto, in a significant development, signed the Debt Anchor Bill into law. This ...
The risk of debt to Kenya’s economy: Can it recover?
Kenya faces a growing risk of debt distress within the Sub-Saharan African region, primarily driven by the continuous expansion of ...
