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Kenya's Main Opposition Keeps Up Pressure on Eurobond Spending

  • Odinga says whereabouts of bond proceeds should be publicized
  • Government offered all information available, spokesman says

Kenya’s main opposition party is putting even more pressure on the government to disclose details on how it spent money raised from the country’s debut sovereign bond.

The corruption watchdog has said it found no evidence of criminal action by government officials in spending the proceeds of the 2014 sale of about $2.8 billion of Eurobonds, after opposition leader Raila Odinga said some of the funds were unaccounted for. Questions about how the money was used come as the government this month began meeting with foreign investors over possibly selling more Eurobonds by mid year.