Eurobond back on the table as Kenya’s spending pressures mount

Chris Kiptoo

Treasury Principal Secretary Chris Kiptoo. 

Photo credit: Dennis Onsongo | Nation Media Group

Kenya’s National Treasury is preparing another sovereign bond issuance to ease pressure on domestic borrowing, as the government grapples with weak revenue performance and rising spending demands.

The proposed Eurobond comes amid falling collections in the first half of the 2025/26 fiscal year and mounting expenditure pressures, including emergency spending on drought and disaster response, security, education and health.