Kenya faces a defining moment for its economy as its inaugural Eurobond, a significant repayment of over Sh300 billion, falls due in June.

With time running out, the National Treasury is exploring various options to ensure Kenya meets its obligations and maintains its international creditworthiness.

"We will settle the Eurobond," declared National Treasury Principal Secretary Dr. Chris Kiptoo, reassuring investors and the country.

He acknowledged the pressure, stating, "It is a big payment, bullet payment, but we think that we should be focusing beyond June."

The weight of this repayment is undeniable. Analysts warn it could either "make or break" Kenya's already struggling economy.

To ease the burden, the Treasury is considering a controversial re-entry into the Eurobond market.

This move would follow Kenya's recent success in securing concessional financing from the Bretton Woods Institutions, demonstrating efforts to manage foreign currency reserves and protect the weakening shilling.

However, Dr. Kiptoo remained tight-lipped on the potential size of the new issuance and its ability to fully cover the initial bond.

Kenya's potential return to the market would follow shortly after Ivory Coast's successful USD 2.6 billion bond issuance.

The decision carries significant weight as Kenya grapples with internal economic challenges and seeks to navigate the volatile global financial landscape.

With the clock ticking down to June, the Treasury's actions over the coming months will be closely watched by investors, analysts, and the Kenyan public alike.

Will Kenya successfully navigate this critical juncture, or will the looming Eurobond repayment derail its economic progress? Only time will tell.