MINISTRY OF FINANCE EXTENDS DOMESTIC DEBT EXCHANGE PROGRAMME
The Ministry of Finance has extended the expiration date of the Domestic Debt Exchange Programme from Monday January 16, 2023 to Tuesday January 31, 2023.
The Domestic Debt Exchange Programme is a voluntary exercise, however, there will be engagement with stake holders especially individual bond holders to alleviate disadvantageous impact while contributing to overcoming economic challenges.
In a statement by the Ministry of Finance, Following the first announcement of the Domestic Debt Exchange Programme on December 5, 2022, the Government entered into advanced discussions with multiple stakeholders. These discussions resulted in the amendment of the terms of the offer, which was announced on 24 December, 2022, to expire on January 16, 2023.
Also, the release added, “a successful Domestic Debt Exchange is critical to advance our economic recovery process, and therefore it is in our common interest to make it work”.
Attached is the release form the Ministry of finance.
Related Posts
Zadara AI Sovereign Cloud launches in Kenya, improving digital transformation
In a significant step toward advancing Kenya’s digital landscape, iXAfrica Data Centres, East Africa’s premier hyperscale, AI-ready data…
ByAbzena appoints Geoffrey Glass as CEO
Abzena, a leading end-to-end integrated contract development and manufacturing organization (CDMO) and contract research organization (CRO) specializing in…
Muhumuza champions open contracting for sustainable procurement at Africa Summit
Edwin Muhumuza, Head of Africa at the Open Contracting Partnership, championed open contracting as a critical driver for…
EnergyInc Advisors to propel Africa’s energy & infrastructure dev’t
EnergyInc Advisors, a new Africa-focused strategic advisory firm, has officially launched, poised to transform the landscape of energy,…
Gallery
