[Photo/Kelvin Karani]Kenya will return to the Eurobond market to borrow at least Sh124 billion by end of June next year. Read MoreTreasury Cabinet Secretary Ukur Yatani, who was briefing editors yesterday on the possibility of a fourth Eurobond has initially expressed doubts on such expensive loans. Like the earlier Eurobond loans, the money will also be used for both budgetary support and repaying expensive loans that will be falling due. He insisted that they would only dive into the Eurobond market should Kenya fail to get concessional funding. Expensive loansSince Kenya became a low middle-income country, it has relied a lot on expensive loans after taps for cheap loans closed.

Source: Standard Digital March 10, 2021 18:15 UTC