Kenya to go for new Sh300 billion Eurobond

Treasury Cabinet secretary Henry Rotich during the reading of 2017-2018 budget at treasury building before proceeding to parliament. [Beverlyne Musili/Standard]

Kenya plans to borrow Sh300 billion from the international market this financial year.

This means the country could be headed for a third round of borrowing through issuance of a Eurobond under the planned commercial debt-financed deficit worth Sh300 billion.