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Originally published by The Standard Business
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July 17, 2026
20h ago

Treasury under fire for diverting Sh30 billion Eurobond cast to cover domestic debt

Treasury under fire for diverting Sh30 billion Eurobond cast to cover domestic debt

The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond last year to cover shortfalls in domestic borrowing...

✨ Key Highlights

The National Treasury is facing scrutiny for allegedly diverting Sh30 billion borrowed via a Eurobond to cover domestic debt shortfalls, contrary to its initial disclosures.

  • The National Treasury is accused of repurposing funds.
  • Sh30 billion of the $1.5 billion (Sh193.9 billion) Eurobond issued early 2025 is reportedly diverted.
  • The government had stated the funds were for debt buybacks and restructuring.

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