The National Treasury has been handed a 60-day ultimatum by the Senate to disclose details of all new loan agreements and securitisation plans amid growing concerns over Kenya’s rising debt burden. The directive was issued by the Senate Finance and Budget Committee on Thursday during a tense session at Parliament Buildings, where lawmakers demanded full transparency on recent borrowing and the legal obligations attached to the loans. According to the committee, Kenya’s national debt had reached approximately Ksh12.2 trillion by December 2025, prompting senators to demand what they described as a “bird’s eye view” of all contractual terms, risks, and repayment obligations tied to the government’s borrowing. An image showing the entrance of the National Treasury buildings Photo National Treasury. This means that Kenya is among the countries feeling the strain, largely due to loans used to finance the Standard Gauge Railway (SGR) linking Mombasa and Nairobi.

Source: Daily Nation March 12, 2026 17:00 UTC