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August 2, 2026
23h ago

Revealed: Ruto regime's Sh3.5bn-a-day borrowing spree

Revealed: Ruto regime's Sh3.5bn-a-day borrowing spree

Treasury records show the government contracted seven new foreign loans between January and April 2026...

✨ Key Highlights

Despite President William Ruto's austerity promises, the Kenyan government has borrowed an alarming Sh416.2 billion in the first four months of 2026, averaging Sh3.47 billion daily.

  • The total public debt has now reached Sh13 trillion, a significant increase from Sh11.80 trillion in June 2025.
  • This borrowing spree contradicts President Ruto's 2022 campaign pledges to reduce reliance on loans.
  • The National Treasury is mandated by the Public Finance Management Act to report such borrowings to Parliament.

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