http://www.businessdaily...61150-s961j3/index.html

Government revenue fell Sh51.41 billion in the first three months of the current financial year as the Treasury struggled to tap cash from the domestic bond auctions and secure international loans.

@lochaz-index tricky is an understatement. the way I see it, Uhuru should immediately agree to a repeat poll in the next 90 days, failure to which the business environment will remain in limbo upto 2018 and maybe beyond.. the economic saboteurs plan may just be the key that unlocks this stalemate. only problem may be that some NSE counters will be hit whether on the boycott list or otherwise. I actually have seen the said list

Hehe. Mr Ogutu now heads SCOM and you believe there’s no political angle.. Anywho

To an untrained eye it all looks BAU, but with time people will appreciate Koimetts contribution to Kenya

Tight liquidity haunted the money markets in a short trading week featuring two public holidays, with the Treasury bills undersubscribed for the seventh week in a row.
During last week’s auction held last Friday, the overall subscription rate came in at 34.17 per cent compared to 46.7 per cent the previous week.
“There was tight liquidity in the money market. The tight liquidity was due to heavy transfer of taxes from banks and reverse repo maturities that came in at Sh29 billion and Sh17.4 billion respectively,” said Cytonn Investments analysts.
The Central Bank of Kenya (CBK) weekly report showed net borrowing by the government resulted in liquidity withdrawal of Sh5.3 billion.

Down the slippery slope. We still need to borrow for the new Mombasa road, pipeline amd electrification of sgr.

serikali saidia...

Been wondering why there was no news on this in October when the loan was due...restructured on the down low(soft default).

Treasury is playing Russian roulette with the repayments and the international market hoping they will be able to raise another eurobond at a favourable rate and before the extension expires. Failure to attract the requisite rate or delaying too much to float it will produce a nasty funding squeeze.

Latest BROP update indicates that KE is about 59% buried in debt. Looks like KE is already in a ponzi funding fast lane.

The 10% of the creditors were paid.The remaining 90% will be paid in April at a higher interest rate.