Business & Economy3 stories
The National Treasury of Kenya has launched a Sh64.5 billion ($500 million) plan to buy back portions of its 2028 and 2032 Eurobonds. This initiative aims to streamline external debt repayments and reduce refinancing risks. In parallel, the Kenyan government plans to establish a new regulatory authority to oversee non-Sacco cooperatives, aiming to protect billions of shillings for members. A focus team led by Cabinet Secretary Wycliffe Oparanya has also recommended extending the moratorium on new Sacco registrations until a new law is established. This move is intended to bring stability to a sector currently grappling with over 5,000 unregulated Saccos.
