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Rotich clears way for AfDB bond sale
Mr Gabriel Negatu, the AfDB regional director: “Investors will not be subject to tax.” FILE
Treasury secretary Henry Rotich has granted African Development Bank (AfDB) a special status that allows the continental lender to issue a corporate bond in Kenya as if it were a local public entity.
The status, granted by Mr Rotich through a legal notice, paves the way for AfDB to issue a Kenya shilling denominated bond to ease the bank’s lending to local companies.
