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HomeDaily NewsSaturday, September 13, 2025Scrutiny on Kenya's Debt, Idle Embassy Funds, and KRA System - September 2025
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Scrutiny on Kenya's Debt, Idle Embassy Funds, and KRA System - September 2025

The International Monetary Fund (IMF) explained that nations like Kenya will continue borrowing due to high debt burdens and a lack of cheaper financing, noting it has provided nearly $69 billion to the region since 2020. Separately, Kenyan Members of Parliament have raised concerns over Ksh1.8 billion in unutilized funds at Kenya's embassies in the United States, the United Kingdom, and Ethiopia. The Public Accounts Committee (PAC) summoned the Foreign Affairs Principal Secretary to explain these balances. In another development affecting national revenue, the Kenya Revenue Authority (KRA) announced an 8-hour scheduled maintenance for its Integrated Customs Management System (iCMS) for the upcoming weekend.

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Saturday 1:36 PMKenyans

IMF Explains Why Kenya Will Continue Borrowing

IMF Explains Why Kenya Will Continue Borrowing

The International Monetary Fund (IMF) states that African nations, including Kenya, will continue to seek loans due to high debt burdens and a scarcity of cheaper financing options. The IMF has provided nearly $69 billion (Ksh8.9 trillion) to the region since 2020 as overall African external debt climbed to over $650 billion (Ksh83.9 trillion).

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Key Highlights

The International Monetary Fund (IMF) states that African nations, including Kenya, will continue to seek loans due to high debt burdens and a scarcity of cheaper financing options. The IMF has provided nearly $69 billion (Ksh8.9 trillion) to the region since 2020 as overall African external debt climbed to over $650 billion (Ksh83.9 trillion).

  • Kenya is currently in talks for a new financing program after abandoning the final disbursement of approximately $850 million (Ksh109.9 billion) from its previous $3.6 billion (Ksh465 billion) IMF programme.
  • African leaders view IMF support as a financial backstop and a strategic tool to unlock broader funding options.
  • Kenya's public debt stands at Ksh11 trillion, with Ksh5.09 trillion in external debt, and its debt level is 63 percent of its GDP.
Saturday 8:15 AMKenyansFirst

Details of Billions of Idle Funds in Kenya’s US, UK Embassies Emerge

Details of Billions of Idle Funds in Kenya’s US, UK Embassies Emerge

Kenyan Members of Parliament have raised concerns over Ksh1.8 billion in unutilized funds across Kenya's embassies in the United States, the United Kingdom, and Ethiopia. The Public Accounts Committee (PAC) summoned Foreign Affairs Principal Secretary Korir Sing'oei to explain the substantial balances.

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Key Highlights

Kenyan Members of Parliament have raised concerns over Ksh1.8 billion in unutilized funds across Kenya's embassies in the United States, the United Kingdom, and Ethiopia. The Public Accounts Committee (PAC) summoned Foreign Affairs Principal Secretary Korir Sing'oei to explain the substantial balances.

  • The Ksh1.8 billion was identified by the Auditor General in the State Department for Foreign Affairs' financial statements for the year ending June 2023.
  • PS Sing'oei stated the funds in Washington, D.C., are for contractor retention and ongoing refurbishment, while funds in London are for the purchase of a Chancery property.
  • Of the total, approximately Ksh1.7 billion is tied to the London Chancery property deal, with the delay attributed to awaiting Attorney General's concurrence for a conveyancing lawyer.
Saturday 8:48 AMKenyans

KRA Announces 8-Hour System Downtime

KRA Announces 8-Hour System Downtime

The Kenya Revenue Authority (KRA) has announced an 8-hour scheduled maintenance for its Integrated Customs Management System (iCMS) this coming weekend, affecting all stakeholders relying on the system for customs processes.

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Key Highlights

The Kenya Revenue Authority (KRA) has announced an 8-hour scheduled maintenance for its Integrated Customs Management System (iCMS) this coming weekend, affecting all stakeholders relying on the system for customs processes.

  • The maintenance will occur on Sunday, September 14, 2025, from 4 am to 12 pm.
  • The iCMS is an online platform facilitating customs processes, including goods clearance, tax payments, and cargo tracking in Kenya.
  • During the downtime, essential services like cargo clearance, duty payment processing, and consignment tracking will be unavailable, affecting importers and exporters' ability to submit documentation or receive clearance.
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