Treasury targets 82pc domestic borrowing in new debt plan
As of June 2025, Kenya’s public debt stood at Sh11.8 trillion, or 67.8 percent of GDP, with domestic debt at Sh6.3 trillion and external debt at Sh5.5 trillion. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The National Treasury of Kenya plans to significantly increase domestic borrowing, targeting 82 percent of its gross borrowing from the local market under its 2026–2029 Medium-Term Debt Management Strategy (MTDS).
- The strategy aims to reduce costs and manage debt risks, allocating only 18 percent of borrowing to external sources.
- Kenya's public debt stood at Sh11.8 trillion, or 67.8 percent of GDP, as of June 2025.
- The Treasury plans to reduce reliance on short-term Treasury Bills and issue more medium- and long-term domestic securities.
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Kenya's Food Import Bill Rises to Sh288B; Treasury Targets 82% Domestic Borrowing Amid US$6B Oil Investment - February 2026
Kenya's food import bill increased by Sh4.8 billion to reach Sh288.1 billion last year, reversing a previous decline due to renewed drought pressures. In its fiscal policy, the National Treasury of Kenya plans to significantly increase domestic borrowing, targeting 82 percent of its gross borrowing from the local market under its 2026–2029 strategy. On the investment front, Kenya's Gulf Energy E&P BV has affirmed its commitment to invest US$6 billion in the Turkana oil production project. The company aims to achieve crude oil production by December 1, 2026.
