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Domestic borrowing escalate amidst Privatization of State Firms


Kenya government plans to increase its revenue stream for infrastructure development by selling some of its stakes in major companies.

The government of Kenya had planned to raise additional funds without increasing taxes or debt.

Despite selling state assets, Kenya intends to borrow kshs.1 trillion in the 2026/2027 financial year.

Treasury Cabinet Secretary John Mbadi had praised the move to sell government stakes of 45 companies in the first phase arguing that it's an innovative means to avoid taxes and debts.

However, the hyped innovative way hasn't sealed the debt loophole as government outlined a kshs.1.106trillion deficit to be financed through domestic borrowing.

At the course of 2025, President William Ruto designed an ambitious plan to transform Kenya into a first world country.

In his State of the Nation Address, Ruto singled out plans to increase connectivity of tarmac road and dualing of major roads to reduce traffic jam.

Some of the Companies that Kenya intends to sell its stakes include:

1. Safaricom

2. Kenya Airways

3. Kenya Pipeline Company (KPC)

4. East African Portland Cement

5. Kenya Reinsurance Corporation

6. Kenya Wine Agencies

7. Housing Finance Company of Kenya

8. Bamburi Portland Cement



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