Risky borrower: Kenya sprucing up image in financial markets as its public debt soars to $92.5 billion
To institutionalise the process, the Treasury will establish a government-resourced Credit Rating Committee to coordinate Kenya’s approach, supported by partners including UNDP, the gvernment of Japan, AfriCatalyst and the African Peer Review Mechanism (APRM).
Kenya President Ruto announces plan to set up sovereign wealth, infrastructure funds to avoid debt binge
Privatisation drive will kick off with the sale of shares in Kenya Pipeline Company, a state firm that manages petroleum products’ transportation infrastructure in Kenya and into neighbouring states.
