The new system, set to operate under the Treasury Single Account (TSA) framework, aims to improve efficiency, transparency, accountability, and governance in the management of the country’s external debt obligations.
Kenya has taken a significant step in modernizing its public financial management systems with the full automation of its external debt payment platform. The new system, set to operate under the Treasury Single Account (TSA) framework, aims to improve efficiency, transparency, accountability, and governance in the management of the country’s external debt obligations.
The automated platform integrates multiple systems, including the Meridian Debt Management System, the Central Bank of Kenya exchange rates system, IFMIS, the Exchequer requisition process, and approvals from the Office of the Controller of Budget. This integration allows for seamless generation, approval, and execution of debt payment instructions, replacing the previous manual, paper-based processes with secure, fully digital workflows.
The project team has briefed officials on the progress of implementation, with the platform scheduled to go live on 2 February 2026. A one-month parallel run will be conducted to ensure a smooth, controlled, and risk-mitigated transition to the automated system, marking a major milestone in Kenya’s financial sector reforms.
