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Headline : Ignore fake Bloomberg article claiming Kenya only African country that has paid back its Eurobond

Read more from the original article on here at africacheck.org.





Tags : #ignore #fake #bloomberg #article #claiming #kenya #only #african #country #paid #back #eurobond


No. of Paragraph 31

IN SHORT: Fake news articles are increasingly circulating on Kenyan social media platforms. One example is an article claiming that Kenya is the only African country to have repaid its Eurobond debt.

A screenshot of what appears to be a Bloomberg News article has been circulating on social media platforms in Kenya. It is headlined: “Kenya, only African country to pay Eurobond.” 

Kenya issued a US$2 billion Eurobond in June 2014 to supplement its public spending. A Eurobond is a loan given out in a currency that is different to the currency of the country in which it is issued. 

In February 2024, Kenya’s treasury bought back $1.5 billion of the outstanding $2 billion, using funds raised from a new bond issue to partially settle the 2014 debt.

Read more from the original article on here at africacheck.org.


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