El Nino, Domestic Yields Force Kenya to Look Beyond Bond MarketBy and
Yields on local-currency debt are near three-year highs
Government weighing syndicated loans, bilateral funding
With domestic borrowing costs near three-year highs and the shilling’s slump making foreign debt risky, Kenya may be forced to look beyond the bond market to plug a budget gap that’s widening as inclement weather curbs flower exports.
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