Topic: Eurobond
Kenya has bled a whopping Sh1.44 billion on interest for loans yet to be withdrawn
Aug 07, 2024 at 05:55 PM
A damning report by the Auditor General Nancy Gathungu has unveiled a staggering Sh1.44 billion wasted on interest payments for loans that have never been withdrawn by the Kenyan g...
CBK faces investor confidence challenge as bond sale underwhelms
Jul 18, 2024 at 11:53 PM
The Central Bank of Kenya (CBK) has encountered fresh challenges in its debt management strategy, underscored by a starkly underwhelming performance in this month’s bond auction....
CBK extends debt auction for 10-year bond in bid to lower interest rates
May 08, 2024 at 11:06 AM
The Central Bank of Kenya (CBK) is extending its offer for a 10-year government bond, aiming to raise Sh15 billion (US$134.2 million) by Thursday or until its target is met....
Costly Eurobond repurchase leaves Kenya grappling with high debt risk
Apr 11, 2024 at 06:25 PM
The World Bank Group has raised concerns about Kenya's continued vulnerability to debt distress, following its recent Eurobond settlement....
Treasury Bill rates signal potential peak in domestic borrowing costs
Apr 08, 2024 at 10:17 AM
In a notable turn of events, interest rates across Kenya's Treasury bills have seen a decline for the first time in over two years, marking a potential shift in the trajectory of g...
Kenya receives less World Bank funding by Sh39.3 billion despite fiscal deficit
Apr 04, 2024 at 12:35 PM
Kenya's hopes for a Sh1.5 billion ($1.2 billion) cash injection from the World Bank have been trimmed to Sh157.7 billion ($1.2 billion)....
Kenya raises Sh34.3 billion through reopened three-year treasury bond
Mar 11, 2024 at 12:37 PM
The Kenyan government has successfully reopened a three-year Treasury bond, raising Sh34.3 billion to support various budgetary needs, including debt repayments and new borrowings....
KBA lauds economic stewardship as the Shilling rallies on investor confidence
Feb 16, 2024 at 01:01 PM
The Kenyan shilling experienced a significant strengthening against the US dollar today, closing at an average price of Sh145 per dollar and Sh148 per dollar, a notable gain from r...
Rife speculation, panic selling as Kenya Shilling makes historic gains against US dollar
Feb 15, 2024 at 04:53 PM
The Kenyan shilling staged a remarkable comeback against the US dollar Wednesday, recording its strongest intra-day gain in 12 years....
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Kenya issues fresh costlier Sh239 billion Eurobond due in 2031 to finance debt
Feb 13, 2024 at 09:54 PM
Kenya has successfully issued a fresh and costlier Eurobond of USD1.5 billion (an equivalent of Sh239 billion) to buy back the initial one which is due on June 24, 2024....
Kenya seizes opportunity to repurchase $2 billion Eurobonds as yields plummet
Feb 09, 2024 at 03:10 PM
In a surprise move, Kenya initiated the process to buy back its $2 billion Eurobonds maturing in June, capitalizing on a significant drop in yields....
Kenya scrambles for options as deadline looms for crucial Eurobond repayment
Feb 02, 2024 at 11:44 AM
Kenya faces a defining moment for its economy as its inaugural Eurobond, a significant repayment of over Sh300 billion, falls due in June....
Eurobond repayment looms large as IMF to release Sh109 billion lifeline to Kenya
Jan 15, 2024 at 11:50 AM
With the June deadline for Kenya's first Eurobond repayment looming, all eyes are on the International Monetary Fund (IMF) set to convene on Wednesday to finalize the sixth review ...
Kenya's debt to World Bank reaches staggering Sh1.5 trillion amid currency depreciation
Oct 26, 2023 at 05:15 PM
The Central Bank of Kenya recently released data revealing that the nation's debt from the World Bank surpassed Sh1.5 trillion in June, due to increased disbursements and the depre...
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