Financing gap: Government eyes Sh250b Eurobond to pay huge debts

Treasury CS Henry Rotich greets President Kenyatta after he announced the cash netted by the Eurobond in 2016 as Deputy President William Ruto looks on. [Tabitha Otwori, Standard]

The Government plans to use more than half of the Sh287 billion ($2.87 billion) it intends to raise from the global money market to retire maturing debt.

Media reports have indicated that Kenya plans to issue its third Eurobond of Sh250 billion ($2.5 billion) and a syndicated loan of Sh37 billion in the financial year ending June 2019.