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July 8, 2026
2h ago

Top 10 Countries Owed Billions by Kenya as Public Debt Nears Ksh13 Trillion

Top 10 Countries Owed Billions by Kenya as Public Debt Nears Ksh13 Trillion

Despite Kenya's rising debt, the Treasury said the country's credit outlook improved after Moody's upgraded its outlook in January 2026...

✨ Key Highlights

Kenya's National Treasury has released a list of its top bilateral creditors, revealing that China is by far the largest, holding Ksh611.4 billion in loans. This comes as Kenya's total public debt reached Ksh12.86 trillion as of April 2026.

  • Kenya owes Ksh974.4 billion to foreign governments, with China leading significantly.
  • Other major bilateral lenders to Kenya include France (Ksh102.8 billion) and Japan (Ksh77.2 billion).
  • These figures exclude substantial debts owed to multilateral lenders like the World Bank and IMF (Ksh3.07 trillion) and commercial lenders (Ksh1.55 trillion).

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