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July 24, 2025
1w ago

Moody's Sends Warning to Kenya Over Debt

Moody's Sends Warning to Kenya Over Debt

Kenya's public debt currently stands at over Ksh11 trillion...

✨ Key Highlights

Moody’s has issued a warning to Kenya regarding its ability to manage its high debt levels, highlighting potential risks associated with domestic borrowing.

  • Kenya's public debt stands at Ksh11 trillion, with a debt-to-GDP ratio of 63%, significantly above the 55% limit.
  • The agency emphasized that President William Ruto's government plans to borrow Ksh923.2 billion, with the majority coming from domestic sources.
  • Moody’s suggests that without intervention, including securing a financing programme with the International Monetary Fund, Kenya may face difficulties in meeting its annual external debt repayments averaging $3.5 billion.

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Moody's Sends Warning to Kenya Over Debt