Why Kenya might not issue another Eurobond

Treasury CS Ukur Yatani. [Wilberforce Okwiri, Standard]

Capital goes where the returns are high. Since Kenya plunged into the international capital markets to raise money by issuing Eurobonds, foreign investors - especially those from North America and Europe - were attracted by the high returns.

The interest rates offered by Kenya - like many other countries from emerging and frontier markets - were higher compared to those in advanced economies like the US and Europe.