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Tag: WORKFORCE REDUCTION

Companies

Kenya Delays $1.5 Billion UAE Loan to Align with Fiscal Strategy

February 28, 2025February 28, 2025 - by Marcus Chen - Leave a Comment

Kenya is delaying the drawdown of a $1.5 billion UAE loan to align with its fiscal plans amidst rising debt service costs. Minister John Mbadi noted the government is assessing …

Kenya Delays $1.5 Billion UAE Loan to Align with Fiscal Strategy Read More
Business / Companies

Kenya Initiates Buyback Offer for 2027 Eurobond to Optimize Debt Maturity Profile

February 27, 2025February 27, 2025 - by Sofia Nawab - Leave a Comment

Kenya has launched a buyback for its $900 million Eurobond due in May 2027 to refine its debt maturity profile. The buyback price is set at $1,002.50 per $1,000, with …

Kenya Initiates Buyback Offer for 2027 Eurobond to Optimize Debt Maturity Profile Read More
Companies

Kenya Faces Ksh.161 Billion Debt Obligation by October, Says CS Mbadi

February 27, 2025February 27, 2025 - by Allegra Nguyen - Leave a Comment

Kenya is obligated to repay Ksh.161 billion in debt by October, including Ksh.116 billion from Eurobonds and Ksh.952 million from syndicated loans. Immediate payments totaling Ksh.123 billion are due, while …

Kenya Faces Ksh.161 Billion Debt Obligation by October, Says CS Mbadi Read More

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