Kenya domestic debt rises to Ksh7.726 trillion
Stock value climbed Ksh58 billion in a week as the government raised funds in domestic markets, impacting local credit conditions.
Mateo Fernandez ·
Kenya's gross domestic debt rose to Ksh7.726 trillion by September 11, 2026, increasing pressure on the country's credit outlook. Reaction pending.
Treasury bonds largest share
The central bank's weekly bulletin dated September 18, 2026, showed the stock of gross domestic debt reached Ksh7.726 trillion, up from Ksh7.668 trillion a week earlier. Data showed Treasury bonds accounted for the largest share of the total, reflecting continued government issuance in the local market.
Officials said the government has been raising funds through the domestic securities market to meet financing needs. That pattern expanded the supply of government paper available to local lenders and retirement funds, leaving less room for private-sector credit at given liquidity levels.
Market participants watch whether sustained issuance will push domestic yields higher and tighten lending conditions for businesses. The bulletin provides a weekly, verifiable update on the size and composition of the government's domestic liabilities, which financial institutions monitor when pricing credit risk.
Investors will watch the central bank's next weekly bulletin, due September 25, 2026, for updated figures and any shift in the mix between Treasury bonds and other domestic instruments.