Officials from Kenya’s National Treasury led by the Director General of the Public Debt Management Office (PDMO), Raphael Owino recently flew to Japan to pitch for a planned $170 million Samurai bond as negotiations for a new programme with the International Monetary Fund (IMF) – considered a key vote of confidence for the economy – falter.
At the same time, the National Treasury has suspended a planned Chinese bond, with officials saying they require more time to understand the Chinese financial markets.
