Nairobi s Treasury joins borrowers paying over 10% interest to meet escalating debt service demands, At the heart of the government s plan to issue US$1.5 billion of debt at 10.375% for a buy-back deal is President William Ruto s determination to avoid protracted debt restructuring negotiations with sundry creditors. In the short term, this answers worries that Kenya would not be able to meet a $2bn bond repayment due in June.
Kenya Economy May Miss Growth Target Amid High Debt Distress allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.