×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

AfDB throws Kenya new debt lifeline amid Eurobond jitters

Vocalize Pre-Player Loader

Audio By Vocalize

The African Development Bank (AfDB) has pledged a new liquidity lifeline for the cash-strapped Kenya Kwanza administration to settle its maturing obligations amid mounting concerns about Kenya's repayment ability.

The pan-African lender said on Wednesday it is in talks with the National Treasury on how to help deal with some of Kenya's massive obligations that have triggered widespread default concerns.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Brookside revs up partnership with hoteliers to expand niche market
Business
Parliament seeks bigger say in control of Kenya's Sovereign Wealth Fund
Business
IMF struck out of Kenya's Sh7 trillion 'Odious debt' case, granted immunity
Business
Kenya, Germany strike deal on smallholder irrigation expansion