- CBK raises Ksh61 billion through bond auctions, surpassing target but facing challenges with long-term debt
- Investor focus on short-term bonds hinders government’s fiscal consolidation plans
Nairobi, Kenya – The Central Bank of Kenya (CBK) has surpassed its target of raising Ksh60 billion through recent bond auctions, achieving Ksh61 billion to help fund the budget. However, domestic investors, primarily banks and pension schemes, continue to shy away from long-term instruments, challenging the government’s efforts for fiscal consolidation by extending the maturity dates of domestic debts.
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