Kenya seeks US support in fresh hunt for cheap loans
Nairobi, April 24 -- Kenya is now seeking the assistance of the US government to navigate through its cash crisis by accessing cheap loans from the global financial markets.
Nairobi is seeking a sovereign loan guarantee from Washington that would provide Kenya with access to financing from international capital markets at significantly lower rates.
In February, Kenya sold a new $1.5 billion Eurobond at great cost to fund the buyback of a large portion of the $2 billion bond, which is maturing in June 2024.
Read more HERE
Published by HT Digital Content Services with permission from Business Daily....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.