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Originally published by The Standard Business
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September 18, 2025
3h ago

Global ratings agency casts doubt on Mbadi debt strategy

Global ratings agency casts doubt on Mbadi debt strategy

Kenya’s growing debt has caught the eye of authorities including Controller of Budget...

✨ Key Highlights

Global credit ratings agency Fitch Ratings has expressed skepticism regarding Treasury Cabinet Secretary John Mbadi’s strategy to address Kenya’s significant debt crisis. The agency questions the successful implementation of the country's ambitious liability management operations.

  • Concerns from Fitch Ratings add to a growing chorus of worries over Kenya’s fiscal health.
  • Treasury CS John Mbadi is the key person whose debt strategy is under scrutiny.
  • The assessment puts Kenya's Treasury officials, or Treasury mandarins, under the spotlight.

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