Ruto's Eurobond gamble pays off as debt plan gets global backing

Ruto had previously sought to assure global investors that Kenya will not default on its debt. "I can now state with confidence that we will and shall pay the debt that has become a source of much concern to citizens, markets and partners," he had said.

And yesterday, the National Treasury said: "Kenya received strong demand, with a high-quality order book exceeding $6 billion, allowing for tighter pricing and an increased issuance compared to initial guidance," said National Treasury Cabinet Secretary Prof Njuguna Ndung'u.