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Headline : Kenya seeks US support in fresh hunt for cheap loans

Read more from the original article on here at www.businessdailyafrica.com.





Tags : #kenya #seeks #us #support #fresh #hunt #cheap #loans


No. of Paragraph 9

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 from the original article on here at www.businessdailyafrica.com.


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