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Originally published by The Standard
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April 14, 2026
5h ago

Nyoro accuses Ruto's government of misleading Kenyans on securitisation

Nyoro accuses Ruto's government of misleading Kenyans on securitisation

Nyoro says Kenya’s public debt has risen sharply in recent years to Sh13 trillion, raising concerns over sustainability and transparency...

✨ Key Highlights

Kiharu MP Ndindi Nyoro has accused the Kenyan government of misleading the public regarding public borrowing by not including proceeds from securitisation in the national debt.

  • Nyoro insists that funds raised through securitisation, such as from the Fuel Levy and Railway Development Levy, must be declared as part of the national debt.
  • The MP cited concerns echoed by the International Monetary Fund (IMF) and World Bank regarding the treatment of these funds.
  • He criticised the National Treasury's argument that such financing mechanisms aren't conventional debt and called the government's trip to Washington a waste of public funds.

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