Tag: the bond circumvents Kenya’s official debt limits and bypasses parliamentary oversight

Infrastructure by Another Name: Innovative Bonds and the Quiet Expansion of Public Debt

When Linzi FinCo rang the bell at the Nairobi Securities Exchange (NSE) to mark the listing of its KSh 44.7 billion infrastructure bond, it was framed as a watershed moment for Kenya’s capital markets. The bond, issued to fund the construction of the Talanta Sports Stadium, was celebrated as a triumph of financial ingenuity, a […]...