Kenya’s escalating debt burden has reached a new milestone, with total public debt climbing to KSh 11.97 trillion at the end of August 2025, according to the latest Monthly Debt Bulletin published by the National Treasury. This figure represents 67.4% of the country’s Gross Domestic Product, underscoring the significant fiscal challenges facing President William Ruto’s […]

The Central Bank of Kenya (CBK), serving as the government’s fiscal agent, has returned to the primary bond market in October 2025 with an ambitious fundraising target of KSh 50 billion through the sale of two long-term reopened Treasury Bonds. This issuance represents the first bond auction of the month and forms part of the […]

In a significant departure from established practice, the Central Bank of Kenya (CBK) has announced it will not remit dividends to the National Treasury for the 2025 cycle, marking the first time in seven years that Kenya’s monetary authority has withheld its operational surplus from government coffers. This strategic decision, which retains a substantial KSh […]

The Central Bank of Kenya (CBK) has reaffirmed its confidence in the country’s macroeconomic stability by projecting that inflation will remain steady at 5.25 per cent through the end of the current economic cycle extending into 2026. This forecast, which keeps inflation comfortably below the midpoint of the central bank’s target range, reflects what monetary […]

Kenya has successfully raised $1.5 billion through a strategically timed international bond issuance, deploying the bulk of the proceeds to repurchase its existing $1 billion 2028 note while simultaneously extending the country’s debt maturity profile and reducing near-term refinancing pressures that have weighed on the nation’s fiscal outlook. The landmark transaction, launched on October 3, […]

The latest auction of Treasury bills (T-bills) in Kenya delivered a dramatic signal: yields on short-term government securities have sunk to their lowest in 36 months, and investor demand is cooling at the short end of the yield curve. According to the Central Bank of Kenya’s (CBK) weekly bulletin, the 182-day T-bill averaged 7.9851 per […]

The Central Bank of Kenya (CBK) has launched an attractive investment opportunity for Kenyans, announcing the reopening of two long-term Treasury bonds that allow citizens to participate in the country’s development agenda with investments starting from as low as Ksh 50,000. This move represents a significant effort by the government to democratize investment opportunities and […]

The Nairobi Securities Exchange (NSE) secondary bond market has set a new benchmark for Kenya’s financial sector, crossing the KSh 2 trillion turnover mark as of September 24, 2025. This achievement cements the NSE’s role as one of Africa’s fastest-growing fixed-income markets, signaling a deepening pool of investors and a maturing capital market structure. According […]

Rising Activity in the Interbank Market Kenya’s financial system has experienced a notable shift over the past week, as interbank lending surged to new highs while demand for Treasury bills contracted significantly. According to the Central Bank of Kenya (CBK), traded volumes in the interbank market rose by an impressive 118%, climbing to KES 17.24 […]

The Central Bank of Kenya (CBK) has announced the reopening of two fixed-coupon Treasury bonds in October 2025 — FXD1/2018/015 (12.650%, due May 2033) and FXD1/2021/020 (13.444%, due July 2041). Together, these issues target KSh 50 billion in fresh funds to provide critical budgetary support. This move marks yet another step in a clear pattern: […]