Mbadi Eyes New Ksh145 Billion Eurobond to Fund Budget
The plan is to seal the gap in the 2026/2027 budget deficit, which amounts to Ksh1.146 trillion, with concerns mounting over the country's soaring debt levels...
✨ Key Highlights
The National Treasury plans a new Ksh145.6 billion (USD1.12 billion) Eurobond to address the 2026/27 budget shortfall and refinance an existing high-interest bond.
- Targeting a Ksh145.6 billion Eurobond issuance for the 2026/27 financial year.
- Involves Treasury Cabinet Secretary John Mbadi and aims to refinance a Ksh194 billion note maturing in 2031.
- Other borrowing includes Ksh170.5 billion from the World Bank and significant project loans.
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National Assembly Investigates Kibos Raw Sugar Imports Over Consumer Safety Concerns - June 2026
The National Assembly's Departmental Committee on Trade, Industry and Cooperatives is investigating the importation of thousands of tonnes of raw sugar, deemed unfit for direct human consumption, amid fears it could enter the local market. The Consumers Federation of Kenya has filed a lawsuit against the National Social Security Fund, challenging its directive for employers to continue enhanced employee deductions under the NSSF Act, 2013. The National Treasury plans a new Ksh145.6 billion Eurobond to address the 2026/27 budget shortfall and refinance an existing high-interest bond.
