Moody’s 'default' risk comment on Kenya’s Eurobond buyback plan continues to ripple, draws AU ire

bne IntelliNews August 15, 2023

Moody’s, which rates Kenyan debt ‘B3’, cut its outlook to negative, as Nairobi will face 'substantial' debt-service costs even after redeeming notes. S&P, which also has a negative outlook on the credit, will release an update on Aug 25.

Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation

bne IntelliNews July 30, 2023

Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.

African risk premia falling as polycrisis recedes

Ben Aris in Berlin July 2, 2023

Risk premia in Africa have experienced a decline over the past month as the worst of the polycrisis begins to recede, said Capital Economics in a note on June 30.

Lavrov makes surprise visit to Kenya as Moscow seeks support for Ukraine war

John Muchira in Nairobi May 29, 2023

Although Kenya continues to project a non-alignment stance on the Ukraine war, the East African nation sees Moscow as a key partner in trade and investment.

Kenya debt doomsayer dodge backfires

Gary Kleiman of Kleiman International Consultants May 23, 2023

Kenya’s sovereign bond index at the distressed 1,000 basis point spread over US treasuries enjoyed a brief reprieve from unrelenting gloom, as IMF managing director Kristalina Georgieva declared it an innocent bystander in sub-Sahara default panic.