A staff at the Nairobi Securities Exchange monitors online trading through a digital screen. Lenders are hesitant to explore corporate bonds due to defaults and governance-related issues. PHOTO | FILE
East African companies are facing hard times in raising capital from the regional markets as lenders are hesitant to explore corporate bonds due to defaults and governance-related issues.
The EastAfrican has established that while the corporate bond market in Kenya has been choked by massive defaults by issuers Uganda, Rwanda and Tanzanian markets are struggling to attract companies to issue the debt instruments.
