Wamuzi News Ke
A chilling debt warning has landed: Kenya is now borrowing an eye-popping Sh3.4 billion every single day, translating to over Sh140 million per hour, according to Kiharu MP Ndindi Nyoro.
In a widely circulated address, Nyoro exposed a staggering reality: the nation is racking up debt at a pace that far outstrips past administrations. Kenya’s national debt has now soared past Sh12.1 trillion, thanks to Sh3.5 trillion borrowed over the last three years alone—nearly triple what former President Kibaki amassed in a decade.
Even more worrying, these figures don’t account for major infrastructure projects funded off the books. Nyoro highlighted initiatives like the Kenol–Marua road expansion, Talanta Stadium, and the Nairobi–Nakuru highway—all financed through securitisation schemes and public-private arrangements, lying outside official debt tallies.
Why This Debt Surge Demands Instinctive Alarm.
Fiscal Alarm Bells Ringing: This kind of daily borrowing pushes Kenya closer to a debt crisis, one comparable to those that overwhelmed Sri Lanka, Ghana, Ethiopia, and Zambia.
Opaque Accounting: Projects funded outside official debt statistics obscure the true financial burden, masking the full scope of public liabilities.
Political Timing Risks: With elections looming, spending surges that deepen debt raise suspicions—are these loans intended to curry favor through temporary projects rather than build sustainable growth?
As the national debt clock races ahead, the message from Nyoro is clear: Kenya must choose discipline over political expediency—or risk financial peril.
