- CBK’s tap sale raises only 2.4% of targeted Ksh20 billion
- Investors anticipate higher borrowing rates, await new fiscal year
Nairobi, Kenya – Kenya’s government faced a significant setback as its attempt to raise an additional Ksh20 billion ($155.9 million) through a tap sale in June met with widespread investor rejection. This comes amidst growing concerns over the government’s increasing domestic borrowing appetite and its crack down on anti-government protestors.
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