Africa-Press – Kenya. The government has said the recently issued $2.25 billion (Sh292billion) Eurobond will help ease Kenya’s debt repayment pressure by restructuring upcoming external obligations.
Government Spokesperson Isaac Mwaura said the dual-tranche bond is part of a deliberate liability management strategy aimed at smoothing the country’s repayment schedule rather than increasing risky borrowing.
In a statement on Monday, Mwaura said the move is designed to reduce near-term refinancing risks and strengthen the country’s overall debt profile.
“Kenya has successfully raised USD 2.25 billion through a dual-tranche Eurobond issuance. This is not simply about borrowing money; it is a carefully planned and strategic debt management operation. It reflects renewed investor confidence in Kenya’s economic direction and signals that the reform measures undertaken by the government under President William Ruto are restoring credibility and stability in the global financial markets,” he said.
Mwaura maintained that the administration is focused on sustainable debt management.
“It is important for Kenyans to understand that we are not accumulating reckless debt. We are managing debt responsibly and strategically,” he said.
The Spokesman noted that smoothing the maturity profile will give the government greater fiscal space while maintaining investment in priority sectors.
The government attributed the positive market reception to ongoing economic reforms under President William Ruto, improved foreign exchange reserves and a narrowing current account deficit.
He said the approach aligns with broader macroeconomic stabilisation efforts under the Bottom-Up Economic Transformation Agenda.
Mwaura said sound macroeconomic management remains central to safeguarding Kenya’s economic future, arguing that the refinancing move enhances the country’s ability to meet its obligations while sustaining development spending.
He added that the government remains committed to transparency, sustainability and long-term fiscal stability as it navigates external debt pressures.
At the same time, the government acknowledged the severe drought that affected Arid and Semi-Arid Lands following the near-failure of the October–December 2025 short rains.
More than three million Kenyans were affected by food insecurity, water shortages and livestock losses, the statement said.
Since December 2025, the State reports it has spent over Sh6 billion on food and non-food relief, livestock support and other mitigation measures across 23 ASAL counties.
Under the Hunger Safety Net Programme, Sh778.5 million has been disbursed to 133,101 vulnerable households in eight severely affected counties.
However, Mwaura noted that recent heavy rains in parts of the country present an opportunity for agricultural recovery, urging farmers to plant climate-resilient crops and prepare their land promptly.
Mwaura said Kenya will host the East African Business and Investment Summit on February 24–25 in Nairobi to strengthen regional trade ties.
He added that the initiative aligns with Kenya’s broader economic diplomacy strategy and the emerging “Afro-Pragmatism” approach, which emphasises practical economic integration across the continent.
“Africa’s future will not be defined by sentiment but by systems, not by declarations but by delivery,” he said.
The government reiterated its commitment to advancing long-term climate resilience, food security and economic stability as part of the Bottom-Up Economic Transformation Agenda.
