National Treasury seeks to create a local US dollar-denominated bond

The national treasury is now seeking to create a local US dollar-denominated bond as part of its strategy to finance the Kshs 703 billion fiscal deficit in the 2024/25 financial year which risks increasing due to an already missed Kshs 195 billion revenue target in the current financial year. This even as confusion rocked treasury cabinet secretary Prof. Njuguna Ndu'ngu during a presentation of the medium-term debt strategy before a parliamentary committee, on the optimal mix of the ratios of domestic and foreign debt.