Kenya's National Treasury is in a dispute with the International Monetary Fund (IMF) over the classification of loans raised through securitisation of dedicated government revenue streams. While the IMF insists these should be recorded as sovereign debt, Kenya argues they are corporate or private liabilities, not backed by the "full faith and credit" of the Republic. This difference in accounting has significant implications, as classifying these as public debt would immediately increase Kenya's measured debt burden without additional borrowing, potentially impacting market perception, credit ratings, and future access to capital markets. This move by Kenya reflects a broader African trend toward financial self-reliance, exemplified by the success of the African Export-Import Bank under Benedict Oramah, who now chairs Kenya's National Infrastructure Fund.