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Kenya Delays Bond Sale on Fragile Global Economy, Official Says

Kenya is holding back on plans to sell at least $500 million of sovereign bond because recovery in the global economy is still too tentative, Economic Secretary in the Finance Ministry Geoffrey Mwau said.

“As long as the environment is still uncertain we will wait,” Mwau said in an interview in Kenya’s capital, Nairobi, today, citing “fragilities” in Greece, Spain and the U.S. “Risks are still out there. We are continuously monitoring.”