Kenya’s debt pile increased sharply with Thursday’s issue of a Sh210 billion Eurobond, as the Treasury raced to raise funds for the repayment of yet another international bond floated five years ago.
Treasury Cabinet Secretary Henry Rotich, in a now familiar strategy of kicking the debt can down the road, announced that part of the new debt will be used to retire the Sh75 billion debut Eurobond floated in 2014.
