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HomeDaily NewsWednesday, June 25, 2025Economic and Infrastructure Updates
Business & Economy2 stories from 1 sources

Economic and Infrastructure Updates

Mexico completes $6.8bn debt operation; Nairobi's Northern Bypass dualling approved to reduce traffic congestion.

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Wednesday 1:16 PMCapital Business

Mexico completes $6.8bn debt operation in global markets

Mexico completes $6.8bn debt operation in global markets

Mexico successfully raised 6.8 billion U.S. dollars through long-term fixed-rate bonds, marking a strategic shift in its borrowing approach, as announced by the Finance Ministry on June 25.

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Key Highlights

Mexico successfully raised 6.8 billion U.S. dollars through long-term fixed-rate bonds, marking a strategic shift in its borrowing approach, as announced by the Finance Ministry on June 25.

  • Debt reduction of 15 percent for dollar-denominated external market debt maturing between 2027 and 2031.
  • Involvement of 240 institutional investors with peak demand of 19 billion U.S. dollars.
  • Strong investment-grade ratings retained from all three major credit agencies: Moody’s, Standard & Poor’s, and Fitch Ratings.
Wednesday 1:15 PMCapital BusinessFirst

Cabinet okays dualling of Nairobi’s Northern Bypass to ease traffic congestion

Cabinet okays dualling of Nairobi’s Northern Bypass to ease traffic congestion

The Kenyan Cabinet has approved the dualling of the Nairobi Northern Bypass to alleviate traffic congestion and enhance economic connectivity.

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Key Highlights

The Kenyan Cabinet has approved the dualling of the Nairobi Northern Bypass to alleviate traffic congestion and enhance economic connectivity.

  • This project will upgrade a **20.2-kilometre** stretch from a single to a dual carriageway.
  • The decision was made by the Cabinet as part of national infrastructure improvement plans.
  • The upgrade includes the construction of **eight interchanges**, pedestrian walkways, cycle paths, and improved drainage systems for road safety and resilience.
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