Treasury to borrow another Sh780bn in Eurobonds

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Nation | by Paul Wafula


Kenya is not planning to slow down its borrowing appetite any time soon despite mounting public pressure on the government to slow down on its borrowing spree.

This is after the International Monetary Fund (IMF) revealed that the country plans to borrow an additional Sh1.3 trillion that includes at least two Eurobonds from the international financial markets in the next 18 months.

According to the National Treasury’s borrowing plan contained in its submissions to the IMF, Sh528 billion ($4.8 billion) of government external borrowing will be concessional compared to…

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