The National Treasury took an emergency loan facility of Sh22.6 billion from the Central Bank of Kenya (CBK) last week to help repay interest on bonds. This marked the biggest weekly overdraft since January last year and pointed to cash flow pressures in the aftermath of sustained youth-led protests that hurt revenue collections.
Data from the CBK shows that outstanding borrowings from the apex bank hit Sh91.8 billion last week to account for 1.68 percent of the overall government domestic debt, up from Sh69.19 billion, which made up 1.27 percent of domestic borrowings the preceding week.
