Kenya Targets Sh600bn From Public Asset Sales Amid Debt and Corruption Concerns - December 2025

Kenya aims to raise Sh600 billion through the sale of public entities to propel the nation towards "first world status," according to National Treasury Cabinet Secretary John Mbadi. In response, Retired Chief Justice David Maraga characterized President William Ruto's "first-world" ambition as a populist tactic, urging the focus to be on combating corruption. Separately, politician Ndindi Nyoro voiced concerns that Kenya faces an impending debt crisis due to its excessive borrowing. Nyoro warned that the country's financial stability is at risk if current borrowing trends continue unabated.