Treasury says Kenya has no room for fresh borrowing
The National Treasury Building in Nairobi. The National Treasury has doubled down on its efforts to swap Kenya’s short-term debt with longer-term issuances.
The National Treasury has doubled down on its efforts to swap Kenya’s short-term debt with longer-term issuances.
This comes barely a week after it commenced a debt swap that will see Sh87.8 billion worth of short-term debt converted into long-term debt to ease the pressure it is experiencing from maturities. Last week, the government floated its first switch bond since June 2020.
