Business News
Kenya issues Sh14.5bn, 8-year infrastructure bond
The Treasury Building in Nairobi. Photo/FREDRICK ONYANGO
By REUTERS
Posted Tuesday, February 9 2010 at 16:40
Posted Tuesday, February 9 2010 at 16:40
Kenya invited bids on Tuesday for a Sh14.5 billion eight-year infrastructure bond with a 9.75 per cent interest rate for its roads, energy and water sectors.
The Treasury plans to raise a total of Sh32.9 billion in infrastructure bonds this fiscal year.
In December, it raised Sh18.42 billion.
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Submitted by mkeiPosted February 10, 2010 02:22 PM
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Submitted by olegaita66
It is a thoughtful move but sh.14.5 billion could be raised so easily by restructuring the huge parliamentary wage bill that cost the country a staggering sh.4 billion a year.I do not understand how people who have volunteered to serve the people get paid that much,it defeats the very purpose of them being in parliament to begin with.
Posted February 10, 2010 01:53 AM
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Yeah, it would be a great idea, raising such funds from restructuring MPs wage bill.However, we must admit it's not EASY under the current laws and structures. The Finance ministry is doing great on what's possible. The constitution should create independent office with powers to review MPs pay package, either way.