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Government returns to domestic market for Sh35b budget support

The Government has come back to the domestic market for a loan, this time seeking Sh35 billion for budgetary support.

Through the Central Bank of Kenya (CBK), the Government yesterday floated two Treasury Bonds that become the first significant borrowing in the New Year. It also seeks to use the debt instrument to mop up Sh20 billion from the money markets as way of ensuring stability of the shilling.

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