Mbadi Eyes New Ksh145 Billion Eurobond to Fund Budget

The plan is to seal the gap in the 2026/2027 budget deficit, which amounts to Ksh1.146 trillion, with concerns mounting over the country's soaring debt levels...

✨ Key Highlights

The National Treasury plans a new Ksh145.6 billion (USD1.12 billion) Eurobond to address the 2026/27 budget shortfall and refinance an existing high-interest bond.

Targeting a Ksh145.6 billion Eurobond issuance for the 2026/27 financial year.
Involves Treasury Cabinet Secretary John Mbadi and aims to refinance a Ksh194 billion note maturing in 2031.
Other borrowing includes Ksh170.5 billion from the World Bank and significant project loans.

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