Kenya: Oracle Licenses Renewal to Cost Treasury Sh100mn

Kenya: Oracle Licenses Renewal to Cost Treasury Sh100mn

Nairobi -- The National Treasury plans to spend Sh100 million on the renewal of Oracle licenses and annual support for Integrated Financial Management System (IFMIS) apps and hardware.

State on the spot over hefty travel allowances

Details have emerged of how the government has been splashing billions of taxpayers’ money on per diem for public servants as the economy struggled. The uncontrolled expenditure comes at a time when Kenya’s fiscal status is wanting and the risk of debt distress is high. Statistics show that when civil servants travel to the US, […]

World Bank warns Kenya of rising debt default risk - Nairobi Business Monthly

The World Bank has cautioned that Kenya’s fiscal health is under increasing pressure due to a vulnerable economic outlook and a rising risk of debt distress. The warning stems from the World Bank Kenya Economic Update and Public Finance Review (PFR) 2025. “Kenya is at high risk of debt distress, and decisive reforms are urgently

Kenya faces high risk of debt distress due to increased borrowing, World Bank warns

The Kenya Economic Update and the Public Finance Review Reports highlighted reforms that the government should take for debt management to avoid defaulting.

AFRICA UNCENSORED - App Trapped: Digital Debt, Default and Distress - The Elephant

Kenya’s digital lending boom has offered quick cash at the tap of a button—but at what cost? This exposé uncovers how borrowers are falling into a trap of sky-high interest rates, harassment, and even physical threats. From Kibera to Kisumu, we hear from victims whose lives have been upended by predatory loan apps, and from experts calling for stronger regulation. As apps flourish with little oversight, a growing number of Kenyans are left battl…