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IMF warns Kenya of Sh313bn undisclosed debt risk

The Treasury building in Nairobi. Neither Treasury secretary Henry Rotich nor his budget, fiscal and economic affairs director, Geoffrey Mwau, commented on the report. PHOTO | FILE

The Treasury is carrying a heavy load of undisclosed debt in the form of power sector guarantees made in the past 10 years, the International Monetary Fund (IMF) has warned in its latest assessment of the shape of Kenya’s public finance.

The guarantees totalling Sh313 billion, which the IMF has flagged in its latest report on Kenya, were in support of power purchase agreements between Kenya Power and independent power producers.

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