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Originally published by Nation Business
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business
March 4, 2026
12h ago

Kenya halves US debt in a year on accelerated payments

Kenya halves US debt in a year on accelerated payments

Move come after America ended its bilateral lending to foreign states...

✨ Key Highlights

Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending.

  • Kenya repaid over Sh16 billion ($124.65 million) of its bilateral debt to the US, reducing the total owed to Sh15.98 billion ($123.82 million).
  • This move follows the US government's decision to end bilateral lending and focus on direct project financing through its state-owned lenders and agencies like the US International Development Finance Corporation (DFC).
  • The strategy change by Washington prompted Treasury Cabinet Secretary John Mbadi to announce that Kenya would clear these loans within two to three years.

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