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Kenya plans to issue a $1 billion debt-for-food swap with the World Food Programme by March as part of a strategy to bolster the nation's finances, according to the National Treasury....
Kenya's government plans to buy back as much as 455 billion shillings ($3.5 billion) of domestic debt before it matures, people with knowledge of the matter said, expanding a program to handle loan repayment more flexibly....
Kenya, which wants to ease tight public finances by borrowing from citizens living abroad, plans to get the ball rolling with a so-called diaspora bond of between $250 million and $500 million....
Equity Group Holdings Plc, Kenya's largest lender, plans to reduce its exposure to government securities to increase loans to customers as it expects to get better returns....
Kenyan lawmakers turned down Treasury's proposals to scrap tax breaks on a range of goods and services, citing concerns over inflation and dwindling investor confidence....
Kenya's central bank cut the benchmark interest rate for the fourth time in a row as inflation sits comfortably at the lower end of its target band....
Kenya plans to tap international investors and issue sovereign dollar bonds despite a recent increase in financing costs as it navigates a widening budget shortfall....