Tag: debt
Kenya raises $1.5B in new Eurobond
Kenya has secured Ksh 234 billion ($1.5b) from creditors through new issuance of a second Eurobond to help clear its public debt stock.
The bond...
Why debt financing is so important for the African business market
Small and medium-sized enterprises (SMEs) are the beating heart of Africa’s economies. According to the World Economic Forum, as engines of growth, SMEs are...
Ndung’u: Kenya will not default on its debt
Kenya is not at risk of a debt default and has crafted a clear debt repayment schedule with local and international creditors.
Treasury Cabinet Secretary...
Tame debt appetite, Controller of Budget tells MPs
The Controller of Budget Dr Margaret Nyakang'o is calling on the National Assembly to play an active role in deterring public debt accumulation in...
Ruto calls for alternative financing models for Africa
President William Ruto has reiterated that Africa needs a new financing institution that is progressive to deal with the continents development needs.
Speakings during the...
Treasury secures Ksh 70B to fund stalled projects
The National Treasury has secured Ksh 70 billion ($500m) through a syndicated loan organized by a consortium of five international lenders.
This is part of...
Twenty five African countries facing debt risks, warns AfDB
African Development Bank (AfDB) Group President, Akinwumi Adesina has said that the rise in cost of debt servicing has led to 25 countries in...
Congress approves debt deal, averting a US default
The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on...
