Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Kenya Plans $1.13 Billion Foreign Bond to Help Plug Budget Gap
Business & Finance

Kenya Plans $1.13 Billion Foreign Bond to Help Plug Budget Gap

Kenya Plans $1.13 Billion Foreign Bond to Help Plug Budget Gap
Bloomberg Markets Monday 15 June 2026, 11:32 UTC By David Herbling 1 min read
Key Points

Kenya Plans $1.13 Billion Foreign Bond to Help Plug Budget Gap Kenya is planning to sell a foreign bond of $1.13 billion to help plug of its budget financing gap for the fiscal period beginning July. The bond, equivalent to 145.6 billion-shillings, together with a World Bank development policy operation loan and budget financing from the African Development Bank, will account for nearly two thirds of Kenya’s external financing in fiscal 2026-27, the country’s Treasury said in budget documents.

Kenya Plans $1.13 Billion Foreign Bond to Help Plug Budget Gap Kenya is planning to sell a foreign bond of $1.13 billion to help plug of its budget financing gap for the fiscal period beginning July. The bond, equivalent to 145.6 billion-shillings, together with a World Bank development policy operation loan and budget financing from the African Development Bank, will account for nearly two thirds of Kenya’s external financing in fiscal 2026-27, the country’s Treasury said in budget documents.
Kenya (LOCATION) Plug Budget Gap Kenya (ORG) World Bank (ORG) the African Development Bank (ORG) Treasury (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Reform pledges new tax on hiring foreign workers

The party says the move would allow it to reverse last year's National Insurance rise for British workers.

BBC Politics 5m ago

Do the World Cup's pricey tickets reflect US market rates and stop scalpers, as FIFA says?

FIFA says World Cup ticket prices reflect US market rates and help prevent scalpers from profiting. But experts and consumer groups say the comparison with US sports leaves out important context. The 2026 World Cup — jointly hosted by Mexico, Canada and the United States — has been met with a barrage of criticism over costly ticket prices, which have been described as the most expensive in the tournament's near-century-long history.

Euronews 14m ago

Strait of Hormuz traffic to return to normal as soon as August, Kalshi traders speculate

Odds that the Strait of Hormuz traffic will return to normal before August surpassed 50% after U.S. President Donald Trump announced a deal with Iran on Sunday, which includes reopening the strait. Chances that the strait's traffic will return to normal before August sit at 58% on Kalshi. The last time those odds were that high was in late May.

CNBC 14m ago

US Manufacturing Output Stalls for the First Time This Year

US Manufacturing Output Stalls for the First Time This Year US manufacturing production stalled in May after four months of gains, suggesting problems with supply chains disrupted by the Iran war and soaring costs may be starting to weigh on activity. Factory output was little changed last month after an upwardly revised 0.7% advance in April, Federal Reserve data out Monday showed. The median estimate in a Bloomberg survey of economists called for a 0.3% advance.

Bloomberg Markets 16m ago