Debt market overhaul requires robust institutional safeguards

The National Treasury building in Nairobi, Kenya.

Photo credit: File | Nation Media Group

As the Treasury reveals bold plans to reorganise its borrowing instruments and institutional framework, Kenya's debt management scene is set for a significant transformation.

The most important change of public debt management in years is signalled by the newly issued Draft 2025 Medium-Term Debt Management Strategy and a proposal to deprive the Central Bank of Kenya (CBK) of its participation in government securities.

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