His name is not new on the Kenyan public finance management scene, having overseen the plans to get Kenya's first $2 billion Eurobond in 2014 as Treasury Cabinet Secretary. This is the same Eurobond that has become a nightmare for the current government, as it finds ways to settle it without irreversibly hurting its stock of forex reserves, which would be disastrous for the Kenyan shilling.
Henry Rotich, the former Cabinet Secretary for Treasury last week landed a new job as President Ruto's senior advisor for fiscal affairs and budget policy, just days before Kenya returned to the international bond market for the first time since 2021 to raise cash to finance a buyback of the 10-year $2 billion (Sh321 billion) Eurobond.
