Ruto borrowed Sh258.4 billion in three months

President William Ruto during the launch of Lumumba estate Affordable Housing project in Kisumu. [File, Standard]

The Kenya Kwanza administration took 11 loans worth Sh258.4 billion between May and August 2024 to finance various projects, it has emerged.

A report tabled by the Treasury before the National Assembly shows the loans were obtained from both multilateral and bilateral lenders.

“The total value of the 11 new loans signed is Sh258,408,080,602. Two of these had been disbursed by the time of this report,” the document states.