Constitutional lawyer Willis Otieno has come out at the government over outrageous debts after a recent report by the Treasury on a recent debt borrowed to clear Eurobond.
On his part, the city lawyer has criticised the government over domestic borrowing, as it portrays the government as a competitor with its own people.
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Willis made his remarks on Monday, 6 October 2025, in a long post on his official X account, where he also called out the government for failing to pay its debts, which in turn ends up being a financial burden to taxpayers.
“No Domestic Borrowing by Government: The state must stop competing with its own citizens for credit. When the government borrows, the people starve,” Willis said.
Likewise, while calling out the government’s outrageous borrowing spree, the lawyer also slammed the government over corruption while firmly stating that Kenyans do not deserve to finance theft through paying taxes.
“No Payment of Odious Debt: Kenyans will not finance theft. We refuse to pay loans that never built schools, hospitals, or roads. Let the looters pay their own debts,” Willis noted.
Kenya’s recently acquired loan
Willis Otione’s remarks come just two days after Treasury Principal Secretary Chris Kiptoo announced that Kenya has secured Ksh193.8 billion from international markets, a transaction that has enabled the country to retire Ksh.129.2 million of the 2028 Eurobond ahead of schedule.
In a statement issued on Friday, Treasury Principal Secretary Chris Kiptoo said this marks the third such successful transaction since 2024, underscoring the government’s commitment to prudent debt management.
“This is the third such transaction since 2024, and it shows the Government’s firm commitment to managing debt more wisely, paying off loans on time, and protecting Kenyans from sudden repayment shocks,” Kiptoo said.
According to the CS, the Ksh193.8billion was raised in two parts: a 7-year loan at an interest rate of 7.875 per cent and a 12-year loan at 8.8 per cent.
“By securing this deal, the Government has also smoothened and lengthened loan repayments, giving Kenya more breathing space in managing its finances,” he stated.
The PS further noted that investor response to the issuance was strong, with bids amounting to over Ksh.969 million, five times more than the amount sought.
“Most of this support came from trusted international fund managers in the United States and the United Kingdom, showing that the world has renewed confidence in Kenya’s economy,” he said.
