What Kenyans paid to service public debts

Taxpayers paid an extra Sh435 billion to service heavy public debt.

by WILLIAM WANYOIKE

Infographics19 February 2025 - 12:07

In Summary

Kenya paid Sh18.9 billion in loan commitment fees over eight years, highlighting the financial strain of undisbursed but committed loans.

A commitment fee is a charge imposed by a lender on a borrower as compensation for maintaining an open credit line.

It also guarantees the lender’s commitment to providing the agreed credit under specific terms and timelines, regardless of market conditions.

Taxpayers paid an extra Sh435 billion to service heavy public debt.

President faces rough patch in the wake of a funding shortfall of about Sh760bn

1mon agoPURITY WANGUINews

Failure to clear pending obligations has continued to hurt businesses.

22d agoJULIUS OTIENONews

This leaves 43.47% or Sh1.23 trillion for other expenses

2d agoJULIUS OTIENONews

25m agoMOSES ODHIAMBONews

26m agoPOLITICAL DESKCorridors-of-power

27m agoJULIUS OTIENONews