Kenya is acquiring loans at a very first rate. Just overnight Kenya was able to secure a third Eurobond.
Kenya has sold a Sh210 billion Eurobond, the third in five years, despite rising concern over its ability to service its debt burden.
The National Treasury Cabinet Secretary Henry Rotich says in a statement dated May 15, that the issuance “triggered an overwhelming response from investors” leading to an oversubscription of 4.5 times.
But why is it easy for Kenya to receive loans?
According to Dennis Itumbi who is currently serving The Deputy President William Ruto as the Online Strategist, Kenya gets the loans easily because Kenya still enjoys strong investor confidence.
Kenya still enjoys strong investor confidence…
Third Eurobond is a success… pic.twitter.com/VPmdkS3w8V
— Dennis Itumbi, HSC (@OleItumbi) May 16, 2019
But it is true, Kenya has been creating good relationship with other nations which makes it easy for the country to be trusted with huge amounts of loans.
Retweet if you are sure debt has become a giant problem in this country like if you think the presidency is responsible for this but most of follow my page #BillyNaTricky #Eurobond #thursdayinspiration pic.twitter.com/Q4HALjVGmr
— Mchristo Lekakeny (@LeChristophel) May 16, 2019