President William Ruto’s administration borrowed Ksh 572 million daily between September and December 2024, accumulating Ksh 68.7 billion in new loans from bilateral and commercial lenders, according to a National Treasury document. The loans include 15 from the China Development Bank and additional financing from the governments of Italy, Germany, and France. Interest rates range from 0.25% to 4%, with some loans carrying commitment and upfront fees. Kenya’s public debt has surpassed Ksh 12 trillion, with the government expected to allocate Ksh 1.85 trillion for debt repayment in the 2024/25 financial year. Repayment periods span four to 15 years, with some loans maturing between 2031 and 2045.