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Originally published by Capital Newstop
August 19, 2026
4h ago
Kenya’s Public Debt Hits KSh13 Trillion as Undrawn Loans Attract Billions in Fees
The Controller also wants Treasury and implementing agencies to establish a facility-level monitoring dashboard and an early-warning mechanism for loans facing implementation delays...
✨ Key Highlights
Kenya's public debt has reached KSh13 trillion, with a significant portion of this debt attracting billions in fees for loans that have not been fully drawn upon.
- KSh20.066 billion paid in commitment fees on undrawn loans between 2015/16 and 2025/26.
- The Public Debt and Privatisation Committee, chaired by Mbalambala MP Shurie Abdi, is questioning the Office of the Controller of Budget.
- Controller of Budget Dr. Margaret Nyakang’o attributes these fees to project implementation delays and poor coordination, recommending enhanced project readiness and monitoring mechanisms.
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