3 days ago
Kenya Weighs Raising as Much as $500 Million From Diaspora Bond
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.
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.
