A man counts Kenyan banknotes at a counter. Kenya is hoping to benefit from a strategy by the London Stock Exchange (LSE) to develop offshore local currency bond markets that allow emerging markets countries to tap into international investors using local currencies. PHOTO | FREDRICK ONYANGO | NMG
Kenya is planning to ease the pressure on debt servicing by borrowing in the local currency at the international market.
With all indications that Kenya will maintain its unbridled appetite for accumulating debt, the National Treasury is developing a policy to obtain international credit using local currency.
