×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Kenya to borrow Sh130b from banks after dropping Eurobond

National Treasury Cabinet Secretary Ukur Yatani. [Wilberforce Okwiri, Standard]

After abandoning plans to issue a fifth Eurobond, Kenya has turned to commercial banks to borrow $1.1 billion (Sh130.3 billion), a new International Monetary Fund (IMF) report shows.

The loan will be repaid using another Eurobond that will be issued in 2025.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902