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Public Debt Management Office, The National Treasury, Kenya

The National Treasury

Public Debt Management Office

Balancing Cost, Risk, and Sustainability in Public Debt

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Infrastructure

Mombasa–Nairobi Standard Gauge Railway (SGR)

Modern freight and passenger railway linking Mombasa to Nairobi, one of the largest infrastructure projects financed primarily through external public borrowing.

Learn more about Mombasa–Nairobi Standard Gauge Railway (SGR)
Latest

Intelligent Transport System Concessional Loan

The signing of a USD 185 million concessional Loan Agreement to finance the Intelligent Transport System (ITS) Project in December 2025.

Learn more about Intelligent Transport System Concessional Loan

    Latest

    Kenyan Public Debt DashboardAs of Aug 2026 · Source: PDMO, The National Treasury

    All public debt data
    Total public debt stock
    KES 13.47 Tn
    ≈ USD 104.0 Bn  ·  External share 43%
    Domestic debt
    KES 7.67 Tn 57%
    T-Bills, T-Bonds & overdraft
    External debt
    KES 5.80 Tn 43%
    Multilateral, bilateral & commercial
    Total debt / GDP
    66.90% of GDP, against a debt anchor of 55%
    Anchor
    55%
    Risk
    High
    Status
    Sustainable
    11.9 pp above the anchor midpoint (±5 percentage points)
    Debt service · FY 2024/25
    KES 1.72 Tn
    Principal & interest
    Treasury Bills issued · FY 2024/25
    KES 1.55 Tn
    Issued last financial year
    Treasury Bonds issued · FY 2024/25
    KES 0.84 Tn
    Issued last financial year
    Average time to maturity
    7.9 years
    Mar 2026

    Monthly Bulletin

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    Strategic Documents

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    Latest Information

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    Public Debt DataExplore the full statistics, charts and downloadable tables

    Total Debt

    Debt stock trend, composition and borrowing terms.

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    Domestic Debt

    Treasury Bonds, Bills and other instruments, and who holds them.

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    External Debt

    Multilateral, bilateral and commercial creditors in KES and USD.

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    Total Debt Service

    Monthly principal and interest payments, domestic and external.

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    Knowledge CenterUnderstanding Kenya's public debt

    Public Debt Explained

    Types of debt and who holds Kenyan Government securities.

    Why Government Borrows

    Deficits, infrastructure, stabilization and cash flow.

    Cost of Kenyan Debt

    Concessional, semi-concessional and commercial borrowing.

    Glossary

    Key public debt terms and abbreviations.