11th February, 2019
Kenya is comfortably able to repay its total debt falling due this year. This is according to the standard chartered 2019 market outlook for the East African nation. With the first Eurobond maturity in 2019, perceptions of government’s creditworthiness will determine its ability to refinance debt falling due. Standard chartered bank chief economist, Razia khan says Kenya has an open window to raise new borrowings at the same time. Treasury is currently seeking advice from international commercial banks on a 250 billion shilling Eurobond that is to be issued before the end of the current financial year.