- Kenya’s internal debt repayments are set to more than double to Ksh391.9bn in the next financial year, amplifying fiscal pressures.
- Proposed reforms aim to streamline the bond market and curb soaring borrowing costs amid economic headwinds.
Nairobi, Kenya – Kenya is bracing for a significant increase in domestic debt repayments, with the amount due escalating to Ksh391.9bn ($2.9bn) from July 2024.
This figure, primarily composed of maturing treasury bonds, represents a sharp rise from the Ksh178.6bn ($1.4bn) principal expected to be paid to domestic investors in the current 2023/24 fiscal year, which ends next June.
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