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Originally published by The Standard Business
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July 18, 2026
4h ago

How Treasury diverted Sh30 billion Eurobond money to cover domestic debt

How Treasury diverted Sh30 billion Eurobond money 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 from a recent Eurobond issuance to cover shortfalls in domestic debt, rather than its stated purpose.

  • The diverted amount is approximately Sh30 billion.
  • The key organization involved is the National Treasury.
  • The funds were reportedly intended for debt buyback and restructuring, but were instead used to cover domestic borrowing shortfalls.

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