Overseas investors have lowered risk assessment on Kenya’s ability to repay its fast-rising external debts after the Central Bank of Kenya outlined a plan to borrow up to $1 billion (about Sh149.27 billion) to partly repay the maturing debut Eurobond.
CBK Governor Kamau Thugge last week revealed talks with the Trade & Development Bank and the African Export-Import Bank aimed at raising between $500 million (Sh74.64 billion) and $1 billion in commercial loans before the end of the year.
