Treasury under fire for diverting Sh30 billion Eurobond cast to cover domestic debt

The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond

The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond last year to cover shortfalls in domestic borrowing.

Early 2025, the government issued a $1.5 billion (Sh193.9 billion) Eurobond and in its disclosures said the money would be used to buyback and restructure another maturing debt.