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CoB Warns Debt Burden Exposes Shilling to Exchange Rate Risks
Kenya's mounting debt servicing costs are exposing the nation to significant exchange rate risks, according to the Controller of Budget. The country has spent over Sh1.35 trillion on debt repayments in the first nine months of the 2025/26 financial year. Public debt has surged by 9 per cent to Sh12.82 trillion as of March 31, 2026, exceeding Parliament's recommended debt threshold. Additionally, the CoB reported that nearly half of Kenya's government revenue during the first nine months was allocated to servicing public debt, highlighting mounting fiscal pressures on the government.
Treasury Presents Sh4.8 Trillion Budget for 2026/27 Fiscal Year
National Treasury Cabinet Secretary John Mbadi is navigating fiscal consolidation efforts as he presents the Sh4.82 trillion budget highlights for the 2026/27 fiscal year amidst mounting public debt and revenue challenges. Separately, President William Ruto's administration is set to implement a heavily infrastructure-focused budget with reduced emphasis on new taxes as a key campaign strategy for his re-election bid. The government is also set to introduce the Planning Bill 2026 to create a legal framework for national planning and ensure budgets are aligned with development objectives.
Businessman Ngumi Seeks Court Order to Stop EACC Probe
Businessman John Ngumi has filed a petition at the High Court to halt investigations by the Ethics and Anti-Corruption Commission (EACC) into the Telkom Kenya sale. Meanwhile, South Korean e-commerce giant Coupang has been hit with a record $400 million fine for a massive data breach that exposed the personal information of over 30 million customers. In a separate development, McLoud Malonza, Chairperson of the Co-operative Bank Holdings and the Co-operative Alliance of Kenya, has been elected as the new Chairperson of the International Cooperative Alliance – Africa.
Brookside Dairy Rewards Contracted Farmers With Sh255 Million Bonus
Brookside Dairy has rewarded its contracted farmers with a substantial Sh255 million bonus for the first half of the year ending May 2026. In contrast, US inflation surged to a three-year high of 4.2% in May, driven largely by rising energy costs attributed to the conflict in Iran. Additionally, Cuba's Foreign Minister stated on social media that a US energy ban is significantly hindering the work of international agencies and organizations in the country.
