IMF Approves $407mn Disbursement to Kenya
The board of the International Monetary Fund has announced the immediate disbursement of a further $407 mn to Kenya after the first reviews of two agreements were approved in April. These include two new 38-month financing arrangements for Kenya valued at $2.34bn....
Kenya’s Debt Servicing Costs Escalate to $11bn
Kenya’s debt servicing costs are expected to soar towards KES 1.17tn ($10.9bn) as per the nation’s parliamentary budget office report. According to the report, this rise in debt accompanied by a lack of debt restructuring suggests increased debt default risk and...
Kenya to Raise $12.4bn Offshore by June 2022 as Per IMF
The IMF said in a report that African nation Kenya is likely to borrow $12.4bn by June 2022 via offshore sources. This includes $7.3bn via eurodollar bonds, $4.8bn via concessionary borrowing and $282mn semi-concessional loans, as reported by Bloomberg. This comes...
