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Originally published by The Standard BusinessMay 11, 2026
5h ago
Debt burden: Inside Treasury's plan to trap Kenya with billions in hidden debt
The government plans to use an extra Sh5 from the fuel levy as collateral to raise Sh120 billion for road projects, increasing pressure on motorists and road maintenance funds...
✨ Key Highlights
President William Ruto's administration plans to raise billions in new debt by securitising the fuel levy to finance road projects.
- The government intends to borrow billions of shillings, leveraging the fuel levy as collateral.
- Key parties involved include President William Ruto and the Kenyan Treasury.
- This move is part of a controversial securitisation strategy that critics suggest could lead to a significant debt burden.
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