How Treasury diverted Sh30 billion Eurobond money to cover domestic debt


The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond

The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond last year to cover shortfalls in domestic borrowing.

Early 2025, the government issued a $1.5 billion (Sh193.9 billion) Eurobond and in its disclosures said the money would be used to buyback and restructure another maturing debt.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.


Continue Reading  →

What you get

  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via

M

PESA

VISA

Airtel Money

Secure Payments

Kenya’s most trusted newsroom since 1902



Source link