KENYA: PLANS TO ISSUE ANOTHER EUROBOND RAISE CONCERN OVER DEBT SUSTAINABILITY

KENYA: PLANS TO ISSUE ANOTHER EUROBOND RAISE CONCERN OVER DEBT SUSTAINABILITY

   Mon, 29 April 2019

On a trip to Beijing, President Kenyatta commits to more Chinese financing, just as the finance ministry rolls out plans to restructure existing debt by issuing another Eurobond this year. Given the slowing Kenyan economy, internal political divisions, and tarnished local banking sector, concerns are mounting over the country’s debt sustainability.