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Page 5 - Kenya Debt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kenya abandons proposed $1b eurobond citing cost

Yields on the 10-year bonds maturing in 2024 and 2028 have risen sharply and continue to spike.

United kingdomPatrick njorogeTony watimaHaron sirimaJulius muiaInternational monetary fundKenya association of manufacturersGovernor of the central bankNational treasuryPublic debt management officePrincipal secretaryCentral bankKenya associationVincent owinoHe eastafricanKenya debt

IMF wants Kenya to slow spending, reform agencies

Tight control of spending and a medium-term revenue strategy will help anchor deficit reduction, IMF says.

Mary goodmanInternational monetary fundFund facilityKenya airwaysExtended fund facilityExtended creditJames anyanzwaHe eastafricanKenya debtKenya expenditure

Kenya moves to reduce interest on foreign debt

Currency volatility has seen the cost of its dollar-denominated loans increase by 2pc in four months.

Haron sirmaDebt managementSpecial drawing rightsJames anyanzwaHe eastafricanKenya debt

Kenya gets 18 months reprieve to renegotiate Libor-based foreign loans

This gives the govt time to renegotiate with foreign lenders with a view to reaching an agreement on viable alternative rates.

United kingdomHaron sirmaKenya national treasuryUnited kingdom financial conduct authorityNational treasuryCapital markets authorityLondon interbank offered rateNational treasury directorDebt management haron sirmaSwiss average rate overnightSecured overnight financing rateSterling overnight interbank average rateDebt bulletinJames anyanzwaKenya liborForeign loans

Kenya takes 10 new loans between April and August

Kenya took ten new loans from commercial, multilateral, and the international sovereign bond market in the five months to August as it races towards the Sh9 trillion debt ceiling. A new document.

North easternSaudi arabiaGladys wangaUkur yataniInternational monetary fundCiti group global markets europeNational assemblyCentral bankNational planningArab development bankNational treasury cabinetInternational fund for agricultural developmentInternational development associationSaudi fund for developmentEconomic development in africaNational treasury

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