Economics
Kenya Doubles Down on Debt With $3.5 Billion Road-Bonds Plan
- First tranche of 150 billion shillings may be issued in March
- Bond will be backed by levy from diesel, gasoline imports
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Kenya will issue bonds of as much as 360 billion shillings ($3.54 billion) to develop roads and repair an infrastructure network neglected from years of running a budget deficit in East Africa’s biggest economy.