President Ruto sets new Eurobond buyback date as maturity looms

President William Ruto is beating the drums for an early partial Eurobond payment again just a month after the government missed its self-imposed target for doing so by December last year.

Speaking on the sidelines of the Italy-Africa Summit in Rome on Tuesday, Dr Ruto said the government had received the green light from its lead managers -- Citi Bank and Standard Bank -- to effect the buyback within the first quarter of this year before making consideration for a new Eurobond issuance.