By Joshua Otieno | February 23, 2026
The Government has announced that Kenya has successfully raised USD 2.25 billion through a dual-tranche Eurobond issuance, describing the move as a strategic step toward strengthening the country’s debt profile and rebuilding investor confidence.
Speaking at Harambee House Annex, Government Spokesperson Isaac Mwaura said the transaction goes beyond ordinary borrowing and reflects deliberate debt management.
“This is not simply about borrowing money; it is a carefully planned debt management operation. It signals renewed investor confidence in Kenya’s economic direction,” he said.
Dr. Mwaura noted that the bond was heavily oversubscribed, making it the country’s most successful Eurobond issuance since 2014. He attributed the strong reception to improvements in Kenya’s sovereign credit outlook and growing confidence in fiscal reforms.
According to the Government, the funds will be used to refinance existing debt maturing in 2028 and 2032, easing pressure on short-term repayment obligations.
“We are not accumulating reckless debt. We are managing our debt responsibly, with sustainability, transparency and long-term stability in mind,” he emphasized.
On drought response, the Government acknowledged the severe effects of the failed October–December 2025 short rains, particularly in Arid and Semi-Arid Lands (ASAL) counties. Since December 2025, more than KSh 6 billion has been spent on food and non-food relief, livestock support and mitigation efforts across 23 ASAL counties.
Over 133,000 vulnerable households have benefited from the Hunger Safety Net Programme, with the Government expressing optimism that recent rains could support recovery. Farmers were urged to prepare land and plant climate-resilient, high-yield crops to take advantage of the improving conditions.
On security, the Government confirmed that agencies had foiled a planned terror attack in Nairobi linked to al-Shabaab, crediting the vigilance and effectiveness of security forces. The public was urged to remain alert and report suspicious activities.
Meanwhile, in the fight against drugs, authorities reported the interception and destruction of narcotics valued at KSh 8.2 billion. Dr. Mwaura said the Government is pursuing a whole-of-government and whole-of-society approach that is tough on crime while supporting recovery and prevention.
President William Ruto has also announced plans to establish 30 football academies and build 22 modern stadiums nationwide as part of efforts to nurture youth talent and curb drug abuse.
Kenya is also set to host the East African Business and Investment Summit in Nairobi, an initiative the Government says will boost regional trade and promote “Afro-Pragmatism,” a strategy focused on practical economic transformation across the continent.
The Government maintains that the combined economic, security and social measures underscore its commitment to stability, growth and long-term national resilience.
