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Treasury’s Sh3 billion-a-day local borrowing spree raises debt alarm

Kenya borrowed about Sh2.8billion every day from the local market between July and December 2025, threatening to crowd out local borrowers, Controller of Budget Margaret Nyakang’o has revealed. This saw Kenya’s total public debt rise to Sh7.052 trillion as of February 2026, up from Sh11.80 trillion seven months earlier. [...]