Government Spokesperson Isaac Mwaura Highlights Eurobond Success, Drought Response and Security Gains in National Briefing
Government Spokesperson Hon Isaac Mwaura on Monday delivered a comprehensive government update at Harambee House Annex, outlining key developments in Kenya’s economic performance, drought mitigation efforts, national security operations, and regional economic diplomacy. Eurobond Success Reinforces Market Confidence Mwaura announced that Kenya had successfully raised USD 2.25 billion through a dual-tranche Eurobond issuance, describing the move as a strategic debt management operation aimed at strengthening fiscal sustainability rather than increasing financial strain. He said the issuance attracted exceptional demand from international investors and was heavily oversubscribed, signaling renewed confidence in Kenya’s economic direction under President William Ruto. According to the spokesperson, improved foreign exchange reserves, reduced default risks, and a narrowing current account deficit have significantly strengthened the country’s financial outlook. The proceeds ...