Debt crisis: Kenya secures another Sh193.8 billion Eurobond

Kenya is borrowing billions of dollars to pay off old debts in a high-stakes financial strategy that economists warn may only postpone a deeper fiscal crisis while increasing the nation’s overall debt burden.  

The National Treasury on Friday announced a successful $1.5 billion (Sh193.5 billion) Eurobond issue, celebrating it as a demonstration of “managing debt more wisely.”

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Kenya is borrowing billions of dollars to pay off old debts in a high-stakes financial strategy that economists warn may only postpone a deeper fiscal crisis while increasing the nation’s overall debt burden.  

Follow The Standard
channel
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