PRESS STATEMENT FOR IMMEDIATE RELEASE 25TH FEBRUARY 2024 – WEEH! WHY CELEBRATE PAYING DEBT WITH MORE EXPENSIVE DEBT? 

 We citizens and institutions working in Kenya are shocked that the government is celebrating buying back Eurobond with another Eurobond at a higher interest rate of 10.7% as per the statement issued by the president on the 21st of February 2024 announcing, “Kenya’s successful settlement of a substantial part of its 2014 $2.0 billion Eurobond” and the issuance of a new Eurobond.