Kenya is a democratic nation found in East Africa. It boarders Uganda, Somalia and Uganda. Kenya is perceived to have a stable economy in East Africa. Kenya is under leadership of president Uhuru Muigai Kenyatta.
The government has ventured out to modern multibillion projects. The government depends so much from external and internal source of loans. The government finance most projects with loans and revenue from taxpayers.
The government through Treasury under CS Ukru Yattani is mandate to formulate and foresee good policies to access funds. CS Ukru Yattani has identify a new of avenue to raise funds for government such as Eurobond. Eurobond is an international bond that is denominated in a currency not native to the country where it is issued.Therefore, Eurobond allow Kenya to raise funds by issuing bonds in a foreign currency.
CS Ukru Yattani has taken kenyans back to expensive Eurobond loans. This move will increase kenyans problems on expensive loans. From look of things CS Ukru Yattani move will force kenyans taxpayers to shoulder heavy burden in terms of repayment.
In conclusion, the above discussion shows well more burden to kenyans taxpayers as CS Ukru Yattani make the above move on Eurobond.
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