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Kenya's sovereign dollar bonds slide as civil unrest spreads
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Kenya's sovereign dollar bonds slide as civil unrest spreads
Jun 25, 2024 8:10 AM

LONDON, June 25 (Reuters) - Kenya's sovereign dollar

bonds slid on Tuesday afternoon, Tradeweb data showed, amid

rising civil unrest across the country.

The 2034 maturity fell the most, trading 0.6 cents lower at

74.7 cents on the dollar, Tradeweb data showed.

Police opened fire on demonstrators trying to storm the

legislature in Nairobi, with at least five protesters killed,

dozens wounded and sections of the parliament building set

ablaze.

Protesters were demonstrating in opposition to tax rises in

a finance bill that is moving through parliament. While Kenya's

government is trying to shore up its battered finances and make

the country's debt more manageable, citizens are grappling with

rising cost of living.

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