Kenya will not pay the first instalment of its $2.0 billion (Sh309.9 billion) Eurobond loan in advance this month, as earlier planned, with the government now awaiting advice from the lead arrangers on a new date next year in the latest policy flip-flop that is sending investors mixed signals on the State of the economy.
Government officials says the earlier plan to repay $300 million (Sh46.5 billion) of the Eurobond loan now only happen on the advice from the lead arrangers. This has technically pushed back the new date to settle the first instalment of the loan to an unknown date next year.
