National Treasury Cabinet Secretary (CS) John Mbadi has dismissed claims that Kenya is borrowing to repay existing debt, insisting that recent Eurobond plans are part of a broader strategy to manage the country’s maturing obligations and ease economic strain. Speaking during a press briefing, Mbadi said the government’s move to issue another Eurobond was a […]
The Government of Kenya has successfully raised USD 1.5 billion (Ksh193.5 billion) from international investors to refinance existing debt and improve the country’s fiscal stability. The announcement was made by National Treasury Cabinet Secretary John Mbadi, who said the funds will be used to repay the outstanding USD 1 billion Eurobond due in 2028 ahead […]
The Government of Kenya has successfully raised USD 1.5 billion (Ksh193.8 billion) from international investors in a fresh Eurobond deal while simultaneously paying off USD 1 billion of its 2028 Eurobond ahead of schedule, the National Treasury announced on Friday, October 3rd. In a press release, the Treasury emphasized that the move reflects the government’s […]