Kenya is reportedly in talks with a U.S. banking giant to arrange a Ksh129.7 billion debt swap, aiming to reduce its reliance on domestic borrowing.

• The potential debt swap, possibly involving an existing Eurobond, is part of a larger Ksh700 billion external financing program for the financial year ending June 2027.
• Key players include Kenya's National Treasury and an unnamed U.S. banking giant.
• This initiative could allow Kenya to refinance debt on more favorable terms and potentially channel savings towards social programs, such as food support.

Machakos County is facing scrutiny over Ksh96 million held by a bank since 2019 as security for an employee loan scheme.

• Ksh96 million in public funds is held as collateral by SBM Bank.
• The Senate Committee on County Public Investments and Special Funds raised concerns about the arrangement.
• Employees receiving loans are also required to provide personal security, drawing further criticism.