The Online Kenyan Logo

The Online Kenyan

HomeTop StoriesLive TVVideosPoliticsBusinessSportsTechEntertainment
HomeTop StoriesLive TVVideos
PoliticsBusinessSportsTechEntertainment

Footer

The Online Kenyan Logo

The Online Kenyan

News & Breaking Headlines

news@theonlinekenyan.com
+254 758 277 017

Follow Us

Explore

DailiesWeekliesTopicsVideosHow to file 2024 KRA Returns

Legal

  • Privacy Policy
  • Terms of Use
  • AI Content Policy

© 2026 The OK Company. All rights reserved.

Made within Kenya
HomeDaily NewsThursday, March 5, 2026Kenya halves US debt in a year on accelerated payments - March 2026
Business & Economy3 stories from 2 sources

Kenya halves US debt in a year on accelerated payments - March 2026

Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending. Kenyan ministries are set to see an 11.3 percent increase in their budgets, totaling an additional Sh287.4 billion for the 2025/26 financial year due to mounting spending pressures. In Uganda, Minister of Energy and Mineral Development Ruth Nankabirwa urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.

Listen to this coverage2 min

Read aloud by your device

NNation BusinessFirstCCapital Business

News Coverage

Wednesday 9:19 PMNation BusinessFirst

Kenya halves US debt in a year on accelerated payments

Kenya halves US debt in a year on accelerated payments

Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending.

Read Story

Key Highlights

Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending.

  • Kenya repaid over Sh16 billion ($124.65 million) of its bilateral debt to the US, reducing the total owed to Sh15.98 billion ($123.82 million).
  • This move follows the US government's decision to end bilateral lending and focus on direct project financing through its state-owned lenders and agencies like the US International Development Finance Corporation (DFC).
  • The strategy change by Washington prompted Treasury Cabinet Secretary John Mbadi to announce that Kenya would clear these loans within two to three years.
Thursday 8:29 AMCapital Business

Uganda urges oil dealers to keep pump prices stable amid Middle East crisis

Uganda urges oil dealers to keep pump prices stable amid Middle East crisis

Uganda's Minister of Energy and Mineral Development, Ruth Nankabirwa, has urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.

Read Story

Key Highlights

Uganda's Minister of Energy and Mineral Development, Ruth Nankabirwa, has urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.

  • Uganda National Oil Company (UNOC) assures steady supplies, stating that even if the Middle East route becomes inaccessible, alternative sourcing methods are in place.
  • The Minister of Energy and Mineral Development, Ruth Nankabirwa, directly appealed to the companies.
  • Uganda imports approximately 2.5 billion liters of petroleum products annually, valued at about 2 billion U.S. dollars.
Thursday 3:00 PMCapital Business

Ministries get additional Sh287bn in supplementary budget

Ministries get additional Sh287bn in supplementary budget

Kenyan ministries are set to see an 11.3 percent increase in their budgets, totaling an additional Sh287.4 billion for the 2025/26 financial year due to mounting spending pressures.

Read Story

Key Highlights

Kenyan ministries are set to see an 11.3 percent increase in their budgets, totaling an additional Sh287.4 billion for the 2025/26 financial year due to mounting spending pressures.

  • The overall national budget will rise by Sh316.7 billion to Sh4.618 trillion.
  • The National Treasury, led by Cabinet Secretary John Mbadi, is seeking parliamentary approval for these supplementary estimates.
  • The increase in recurrent spending, covering salaries and operational costs, accounts for the largest portion of the hike at Sh201.3 billion.
Advertisement

More from Thursday, March 5, 2026

Bodies of MP Johana Ng'eno arrive at AGC Karen - March 2026
Video News4 stories

Bodies of MP Johana Ng'eno arrive at AGC Karen - March 2026

C
K
Citizen TV (Youtube), KTN News (Youtube) +2
Chelsea striker Joao Pedro hat-trick moves team to fifth place - March 2026
Sports News & Updates3 stories

Chelsea striker Joao Pedro hat-trick moves team to fifth place - March 2026

S
Standard Sports
EACC Proposes Blocking Politicians With Pending Appeals From 2027 Polls - March 2026
Breaking News & Top Stories4 stories

EACC Proposes Blocking Politicians With Pending Appeals From 2027 Polls - March 2026

K
C
Kenyans, Capital News +1
Advertisement

More Stories

Bodies of MP Johana Ng'eno arrive at AGC Karen - March 2026
Video News4 stories

Bodies of MP Johana Ng'eno arrive at AGC Karen - March 2026

C
K
Citizen TV (Youtube), KTN News (Youtube) +2
Chelsea striker Joao Pedro hat-trick moves team to fifth place - March 2026
Sports News & Updates3 stories

Chelsea striker Joao Pedro hat-trick moves team to fifth place - March 2026

S
Standard Sports
EACC Proposes Blocking Politicians With Pending Appeals From 2027 Polls - March 2026
Breaking News & Top Stories4 stories

EACC Proposes Blocking Politicians With Pending Appeals From 2027 Polls - March 2026

K
C
Kenyans, Capital News +1
Advertisement