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The Kenyan authorities is making preparations to drift its largest-ever bond providing, a file $1.3 billion (Sh150 billion) issuance. It will likely be used to settle money owed with contractors, probably together with some Chinese language corporations, and to fund highway initiatives which might be presently in growth.
Infrastructure Principal Secretary Paul Mainga advised parliament on Tuesday that the Treasury, the Central Financial institution of Kenya (CBK), and the Legal professional-Normal all authorized the sale.
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