Kenya’s public debt stood at Sh9.6 trillion as at the end of April 2023 and President William Ruto’s government plans to borrow an additional Sh718 billion in the current financial year to plug the budget deficit. A source familiar with the planned issuance told theBusiness Dailythat secu...
The recent hike of base lending rate by the Central Bank of Kenya through the Monetary Policy Committee (MPC) from 10.5 percent to 12.50 percent will have far-reaching implications, especially for everyday Kenyan citizens, small business owners, and micro, small, and me...
“The withdrawal of the Finance Bill, 2024 has necessitated spending compression to contain the fiscal deficit. While spending rationalisation will be important, including to restore public trust and tax morale, Kenya’s elevated debt vulnerabilities and large debt service obligations call for fisca...
provided that the Nairobi International Financial Centre Authority certifies the investment to be at least Sh3 billion in at least one entity incorporated or registered in Kenya within two years. Additionally, the transfer of investment must occur after five...
The Treasury is finalising the picking of lead arrangers for Kenya's new Eurobond. The government had planned to onboard lead arrangers for the planned issuance by the end of July as a signal to the market given the $2.0 billion (Sh286.3 billion) Eurobond maturity due in June 2024....
The stock of external bonds swelled by Sh57.5 billion in 10 months despite the Treasury’s decision to cancel the issuance of another Eurobond as the weak shilling aggravated Kenya's debt...
However, Kenya was last year forced to turn to commercial external loans to ease pressing liquidity challenges.This came as a spike in interest rates triggered by the US Federal Reserve made it costly for developing countries to raise money from the global debt market....
“As a digitally-led financial institution, we want to play a big role in enhancing financial inclusion across our markets in the East African region through innovative financial solutions that cater to market needs and also produce products that address the challenges our customers are...