Kenya: Ruto Govt Plans to Raise Up to $500 Million From Diaspora Bond | Firstpost Africa | N18G

Kenya is planning to issue a diaspora bond worth between $250 million and $500 million, targeting its estimated four million citizens living abroad. The government, facing high debt repayments, budget deficits, and currency pressure, hopes the bond will provide cheaper financing than costly international markets. President William Ruto’s administration sees the diaspora as a vital source of capital, as they already send home billions annually in remittances. The bond would allow Kenyans abroad to directly invest in government debt, funding infrastructure projects like roads, rail, and electrification. However, critics warn of risks tied to corruption and weak investor confidence.

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