President William Ruto government’s plans to borrow a whole Sh906 billion from the domestic market in a single year, a move analysts and banking sources say risks crowding out the private sector and reversing recent gains in lower loan costs, as the state prioritises its fiscal needs over market stability.
The government’s Medium-Term Debt Management Strategy (MTDS) for 2026/27–2028/29, published this month and reviewed by The Standard mandates that 82 per cent of all new gross borrowing must come from Kenyan financial institutions and pension funds.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading
Unlimited access to all premium content
Uninterrupted ad-free browsing experience
Mobile-optimized reading experience
Weekly Newsletters
MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
`;
} else {
teaserEl.innerHTML = “”;
}
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;
var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;
activeEl.innerHTML = `
Offer ends in…
${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds
Subscribe Now & Save
`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}
function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}
updateFlashSale();
setInterval(updateFlashSale, 1000);
Follow The Standard
channel
on WhatsApp
President William Ruto government’s plans to borrow a whole Sh906 billion from the domestic market in a single year, a move analysts and banking sources say risks crowding out the private sector and reversing recent gains in lower loan costs, as the state prioritises its fiscal needs over market stability.
Follow The Standard
channel
on WhatsApp
By Brian Ngugi