• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Friday, July 25, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Kenya Seeks Debt Service Suspension to June 2022

Leah Wamugu by Leah Wamugu
in Business News
Reading Time: 2 mins read
A A
0
Debt Service Kenya
Share on FacebookShare on Twitter

Kenya has sought the Debt Service Suspension Initiative (DSSI) extension to June 2022, a one-year extension from the earlier granted June 30, 2021, debt service suspension secured in January.

RELATED POSTS

Kenya Pipeline Company Set to Go Public by September

Copia Founders Stage a Comeback with a New Startup.

How Rising Fuel Prices Are Affecting Kenyans in 2025

Besides the relief under the DSSI, the country is also pursuing new limits access to IMF funds by reallocating existing special drawing rights and allocating new special drawing rights. Such will allow faster access of disbursements from the IMF Rapid Credit facility and the Rapid Finance Instrument, granted to countries facing urgent balance of payments needs.

We propose… enhancement of the Debt Service Suspension Initiative (DSSI) through [the] extension of the consolidation period for a further one year to June. This action will yield additional external resources, addressing debt vulnerabilities and providing liquidity

Treasury CS Ukur Yattani

These developments come only a few days before the IMF decides on Kenya’s $2.4 billion loan request to buffet the country’s response to the COVID-19, which have shrunk revenues. CBK governor Patrick Njoroge said the IMF Board would decide on the loan on April 2, with the first tranche of $314 million expected next week. In May 2020, the IMF issued Kenya a $739 interest-free loan to cushion the country against the pandemic’s shocks.

With a bulk of payments of debt payments due in the current year, Kenya is pursuing a $1.24 billion Eurobond by June 2020 as part f the treasury’s planned debt restructuring. Its return to the Eurobond market is against the terms of the Debt Service Suspension Initiative, which include a break from external commercial financing unless exempted.

Earlier, Fitch rating rated the country’s Long-Term Foreign-Currency Issuer Default Rating at B+ with a negative outlook, with positives like a favourable government debt structure, a strong growth track record and relative macroeconomic stability balanced against negatives of rising public debt, high net indebtedness and below “B” range medians GDP per Capita and governance indicators.

Read also: Kenya’s Public Debt to hit Kes 7.8 Trillion in 2020/21, says PBO

Mwakaneno Gakweli of the kenyanwallstreet contributed to the writing of this post
Post Views: 1,088
Buy JNews
ADVERTISEMENT
Tags: IMFSovereign Debtspotlight
Previous Post

Oil Prices Rise on Expectations that OPEC+ Will Extend Supply Curbs.

Next Post

Asian Markets Mixed, China’s Factory Activity Grows

Leah Wamugu

Leah Wamugu

Related Posts

Kenya Pipeline Company
Business News

Kenya Pipeline Company Set to Go Public by September

by Ivan Lewa
Copia Startup
Business News

Copia Founders Stage a Comeback with a New Startup.

by Ivan Lewa
EPRA fuel
Business News

How Rising Fuel Prices Are Affecting Kenyans in 2025

by Ruth Nelima
Shelter Afrique Development Bank
Business News

Shelter Afrique Development Bank Seeks Capital Injection Through Strategic Share Sale.

by Winfred Wanja
Next Post
Asian Markets

Asian Markets Mixed, China's Factory Activity Grows

Image of NSE

Market Report; 31 March, 2021

Nasdaq Wall Street

S&P 500 Touches Record High, Nasdaq Rallies on Tech Stocks Gains

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,165)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,272)
  • Hilda Njeru Takes over at CDSC (2,140)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (2,034)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,863)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

NSE

NSE Market Report: 24th July 2025: BAT Dividends Double to 10 Shillings.

Kenya Pipeline Company

Kenya Pipeline Company Set to Go Public by September

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$305.30  8.20%  
GME 
$23.53  1.79%  
MSFT 
$510.88  0.99%  
AAPL 
$213.76  0.18%  
AMC 
$3.36  3.17%  
ABNB 
$141.62  1.28%  
GOOGL 
$192.17  1.02%  
AMZN 
$232.23  1.73%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?