Search

Kenya seeks $700 million in infrastructure bond sale amid budget crunch

By Kenny Murgor © Unsplash | Kenya
By Kenny Murgor © Unsplash
  • Kenya reopens infrastructure bonds to raise $696.6 million amid limited foreign financing
  • Central Bank targets lower returns despite investor push for higher yields

NAIROBI, KENYA – Kenya has reopened two infrastructure bonds (IFBs) aiming to raise Ksh90 billion ($696.6 million) for long-delayed projects as the government continues to grapple with constrained budgets and limited foreign financing.

Recent Business

Ziguinchor, Senegal. Photo by Sweder Breet @ Unsplash
Senegal exports plunge 50% as gold collapse exposes economic vulnerability
Read More »
The beach off Matemwe in Zanzibar, Tanzania. Photo by Crispin Jones @ Unsplash
Zanzibar sees 4.9% rise in tourist arrivals despite seasonal dip
Read More »
Morocco @ Pexels
Morocco inflation stays negative in February as weak demand persists
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights