Gov’t planning to raise Ksh.50B infrastructure Bond

Treasury has lined up a Ksh.50 billion infrastructure bond to be sold locally this month

According to the Central Bank of Kenya (CBK), the proceeds of the bond will be used to support budget spending in water, roads and energy projects.

Since July, Treasury had been to the market five times seeking a total of Ksh.192 billion.

In the current financial year, the government plans to borrow some Ksh.271.9 billion from the domestic market to bridge the budget deficit.

President Kenyatta maintains that his administration will focus on infrastructure, food security, affordable housing, manufacturing and affordable healthcare as key pillars during his second term in office.