Kenya’s Sh12.84 Trillion Debt Is Not Just A Borrowing Story But A Question Of Who Controls The Nation’s Money and Whether They Serve Our National Interest

Kenya’s public debt rose to an estimated KSh12.84 trillion in February 2026 after a sharp increase in domestic borrowing pushed the country’s debt burden above 69 percent of GDP, intensifying debate among economists over whether the real danger lies in the size of the debt itself or in Kenya’s growing reliance on expensive foreign borrowing and weak use of borrowed funds.