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Gov't to tap local taxes to repay $500 million Eurobond balance

Gov't to tap local taxes to repay $500 million Eurobond balance
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Nairobi Area , Chris Kiptoo , Kenya Revenue Authority , Treasury Principal Secretary ,

RUTO having headache as it emerges that the government has no money to repay Sh297 billion Eurobond

Friday, October 6, 2023 - The government is currently facing uncertain credit market conditions, raising fears that Kenya could default on its Ksh297 billion Eurobond. While President William Ruto has repeatedly reiterated that Kenya will adhere to its international debt obligations, the administration has started exploring backup plans to ensure that Kenya services the Eurobond upon its… ....

Kamau Thugge , Chris Kiptoo , William Ruto , Moody Investors Service , Central Bank , President William Ruto , Governor Kamau Thugge , Treasury Principal Secretary , Investors Service ,