‘Kenya will never be expected to pay $2B at a go’ – Ruto
President William Ruto has assured Kenyans of the country’s stability and pledged to citizens that the nation would not be overwhelmed by debts. Speaking on Tuesday during the Second National Executive Retreat in Naivasha, Nakuru County, Ruto applauded the National Treasury for its measures in financial management. “We must never be in the kind of […]
Huddah Monroe reacts as shilling fluctuates against dollar
Kenyan socialite and beauty entrepreneur Huddah Monroe has voiced her concerns regarding the recent fluctuation of the Kenyan shilling (Ksh) against the US Dollar (USD). In a series of Instagram stories, Huddah expressed her surprise even as the shilling rallied against the dollar in the last couple of days. “The fact that KES is now […]
Treasury: Kenya’s Eurobonds increase cost of borrowing
Zachary Ochuodho @PeopleDailyKE Kenya’s Eurobond issued in May has eased Treasury’s pressure on refinancing maturing loans but it has exposed the country to increased costs of paying interest on foreign debt, a new report by Moody’s warns. The $2.1 billion (Sh210 billion) Eurobond proceeds reduced the Government’s short-term external refinancing risks, and also slashed the […]