Treasury eyes to raise Sh108 billion from fourth Eurobond

Government has reduced its target for commercial loans and turned its eyes to multilateral institutions such as AfDB, World Bank and IMF.

IMF source says expensive Eurobonds and Chinese loans not among those being considered for waivers at the moment

As the year comes to a close, Kenya is inching closer to settling its first Eurobond that has seen the money markets closely watch Treasury’s moves.

Nigerian officials have been meeting investors at an event organised by Citi and Standard Chartered in London this week prior to issuing the Eurobond

National Super Alliance (NASA) founder Musalia Mudavadi has told off President Uhuru Kenyatta over the latter's response that loan procured by Jubilee is used to fund public infrastructure.

Auditor General Edward Ouko has in the past complained of efforts by powerful forces to hound him out of office.

The day-to-day job of the Auditor General involves checking whether 48 governments, one national and 47 county, have spent money according to the budget.

The Government borrowed a massive Sh95 billion in just four months to sink Kenya deeper into debt.

Kenya is set to borrow Sh103 billion ($1 billion) through a commercial loan arranged by four banks.

The Auditor General has declared that Sh215 billion from Kenya’s controversial Eurobond funds has not been accounted for, two years after the Government claimed the cash was allocated to ministries.

Suspects in the Sh791 million National Youth Service scandal have moved to the Court of Appeal to stop charges against them.

Treasury Cabinet Secretary Henry Rotich's assurance that the debt levels are manageable smacks of cover-up given the shenanigans surrounding the Sh269 billion Eurobond proceeds.