Domestic debt cost tipped to rise on high maturities

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Business Daily | by Elizabeth Kivuva


The government’s cost of borrowing from the domestic market is likely to go up from this month, pushed by pressure to refinance a large load of maturing debt while filling an equally big financing gap for the current budget.

Analysts project increased financing needs coupled with shortfalls in revenue collection will push the National Treasury to borrow even larger amounts in the second half of the fiscal year.

Domestic debt service in January is estimated at Sh159.9 billion, comprising…

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