T
Originally published by The Standard Business
📰 Read Full Article
July 29, 2025
15h ago

Kenya's debt spirals as revenue crisis threatens economic stability

Kenya's debt spirals as revenue crisis threatens economic stability

President William Ruto's ambitious economic model (Rutonomics) is confronting its most significant test, even as new data reveals a surging national debt...

✨ Key Highlights

Kenya's public debt has surged significantly under President William Ruto's administration, reaching Sh11.51 trillion by May 2025. This sharp increase of 32.9 per cent since September 2022 is coinciding with persistent government revenue shortfalls, posing a major challenge to the economic model, Rutonomics.

  • Kenya's public debt climbed by 32.9 per cent to Sh11.51 trillion by May 2025.
  • The debt increase occurred since President William Ruto's administration took office in September 2022.
  • The surging debt is occurring alongside continued shortfalls in government revenue, testing Rutonomics.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article