Risk-Averse Investors Shun Kenyan Local Debt, Deepening Fiscal Woes

August 8, 2024

By Duncan Miriri NAIROBI (Reuters) – Nervous investors are avoiding long-dated Kenyan Treasury bills and bonds, central bank data showed, putting more strain on the government’s plans to pivot to domestic borrowing after scrapping controversial tax hikes. The latest debt sale, on Aug. 1, saw the …