
Kenya Weighs Raising as Much as $500 Million From Diaspora Bond
The East African nation is in talks with a unit of the World Bank on how to structure the security, said Prime Cabinet Secretary Musalia Mudavadi. It aims to grow the program to $3.8 billion over time.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


News24
41 minutes ago
- News24
Airport violence as impeached Kenya deputy president Gachagua returns from US
Impeached former deputy president Rigathi Gachagua returned to Kenya from a US political tour. Violent clashes erupted at Nairobi's international airport as hundreds of supporters welcomed Gachagua back, with police deploying teargas to disperse crowds. The violence followed government warnings that Gachagua's return posed a 'security threat'. Violence erupted in Kenya's capital on Thursday, with police deploying teargas, as impeached former deputy president Rigathi Gachagua returned from a political tour in the United States. Gachagua campaigned for President William Ruto during the 2022 election but the two dramatically fell out last year, leading to his impeachment, and he has now become one of Ruto's most vocal opponents. He has been touring the United States since July, watched warily by officials, with interior minister Kipchumba Murkomen warning on Tuesday his return posed a 'security threat' to the country. Gachagua is among opposition leaders hoping to oust Ruto at the presidential elections in 2027. Hundreds of his supporters thronged Kenya's Jomo Kenyatta International Airport (JKIA) to welcome him back, but what was meant to be a triumphant return quickly descended into violent chaos. READ | Kenya: At least 10 killed in anti-government protests Despite a heavy police presence surrounding the airport, supporters blocked one of the international arrival gates - much to the surprise of arriving tourists - overwhelming officers. Chants of 'Wantam', a popular anti-Ruto slogan coined by Gachagua, meaning 'one term', filled the air as he left JKIA in a large convoy. His cavalcade drew thousands waiting outside the airport, causing heavy traffic jams, with supporters clashing with opponents as the convoy used one of Nairobi's main highways from the airport. Groups of young men and motorbike riders hurled stones at his motorcade, in a chaotic melee that police attempted to disperse with tear gas. An AFP photographer witnessed several people wounded during the violence. Thank you, my great people of Kenya for the love. I am happy to be back home. — Rigathi Gachagua (@rigathi) August 21, 2025 The clashes followed another warning from Murkomen that security services should prepare for a 'chaotic environment as a result of his coming back to the country'. Gachagua cut short his trip to the United States, where he had been promoting his political party and mobilising voters before the 2027 vote, to campaign for upcoming local by-elections. 'Thank you, my great people of Kenya for the love. I am happy to be back home,' he posted on X.


Business Insider
2 hours ago
- Business Insider
Instacart downgraded to Underperform at Wedbush on competition concerns
Wedbush analyst Scott Devitt downgraded Instacart (CART) to Underperform from Neutral with a price target of $42, down from $55, arguing that Amazon's (AMZN) expansion of its same-day perishable grocery delivery service has intensified competition. The firm, which believes that consumers will opt for value-driven services, says Instacart management must navigate this new dynamic to protect market share, which ultimately it sees eroding over time as Amazon and others compete more closely. The firm thinks Prime has become 'even more compelling' for grocery shoppers, diminishing the appeal of Instacart, the analyst added. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.


Bloomberg
2 hours ago
- Bloomberg
Vanguard Leads Record Sale of Colombian Bonds After Downgrade
Investment funds managed by Vanguard, one of the world's largest asset managers, led a record selloff of Colombian local bonds by offshore investors in July, after the notes were downgraded to junk. The Vanguard Total International Bond II Index Fund — which invests in non-U.S. denominated, investment-grade debt — was the single largest seller of Colombian securities, according to data from the Comptroller General's office seen by Bloomberg. In total, eight Vanguard-managed funds liquidated their holdings in the country's peso-denominated bonds, offloading 3.4 trillion pesos ($855 million) over the month.