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Kenya, Tanzania, and Uganda are beginning 2022 with a watch on borrowing a whole bunch of hundreds of thousands of {dollars} to fund new infrastructure growth and to assist shut the finance hole created by the continuing COVID-19 pandemic.
The Kenyan Treasury knowledgeable the IMF that it plans to situation two new sovereign bonds value round $2 billion earlier than July. These will likely be used to finance authorities operations and repay a portion of a 2014 Eurobond. The federal government is extensively anticipated to exceed its present $78.9 billion debt ceiling.
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