By JOHN MUTUAMore by this AuthorThe Higher Education Loans Board (Helb) has announced plans to float a Sh500m bond even as it struggles to recover billions of shillings from defaulting past loanees. Helb board chairman Ekwee Ethuro told the Business Daily that the bond will be floated by 2022 after the agency tabled proposals to the Treasury last December. The move is expected to boost cash-flow and ease pressure on the agency that relies on the Treasury, loan repayments, grants from development partners and deals with counties and constituencies. The bond’s maturity period will be determined to coincide with an average period taken by students to complete various varsity courses to ensure it is not defaulted on. Increase average amountThe move comes as Helb seeks to increase the average amount of loans advanced to every student in the next three years.

Source: Daily Nation February 21, 2019 04:41 UTC