Capital Market
Bonds
Kenya confident of repaying $2bn Eurobond due in June
Kenya seems confident they can repay the $2 billion Eurobond due in June. Let's go deeper: The country has a debt profile of around $61.5 billion, which is around 67 per cent of its gross domestic product( GDP), with a 29 per cent currency devaluation against the
infrastructure
AfDB Eager to Close Kenya and Tanzania's $309.26 Million Electricity Deal
The Africa Development Bank (AfDB) is keen to get the $309 million Kenya/Tanzania electricity deal agreed. Why is this important: Kenya imports hydroelectricity from Ethiopia and Uganda, while Tanzania rations power due to low hydro generation. The tripartite deal will boost the electricity supply and cut reliance on expensive
Sovereign Debt
Kenya Secures $941 Million IMF Loan
The International Monetary Fund (IMF) has granted Kenya a new loan of more than $941 million to help support the East African nation through its liquidity issues. Why is this important: Kenya has been facing a host of economic challenges including increasing debt, currency devaluation and a cost of living