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Debt IMFKenyaDeveloping story

Kenya expects IMF team in Nairobi to discuss a new support programme

On August 12, 2026 Kenya’s central bank governor said an IMF team is expected in Nairobi soon to hold consultations that will include discussion of a new IMF-supported programme requested after the prior US$3.6bn arrangement ended in April 2025. The visit is intended to assess the scope and financing of a possible lending programme.

MSA Market DeskEvent 12 August 2026Reviewed 2 min read

The desk brief

On August 12, 2026 Kenya’s central bank governor said an IMF team is expected in Nairobi soon to hold consultations that will include discussion of a new IMF-supported programme requested after the prior US$3.6bn arrangement ended in April 2025. The visit is intended to assess the scope and financing of a possible lending programme.

If staff-level talks advance to a formal IMF programme, this could lower medium‑ and long‑term sovereign premia on Kenya’s USD curve and support the shilling by improving reserve and financing outlooks. The timing, size and conditionality of any programme will determine the degree and speed of investor risk‑repricing; failure to secure financing or protracted talks could leave risk premia unchanged.

Arrival of the IMF mission/staff in Nairobi and publication of any staff report or programme request timetable.

Sources & verification

Developing story

Further independent confirmation is required.

Public references supporting this brief.

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Price Discovery

Kenya sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

11 priced bonds
10.89%9.66%8.44%7.22%6.00%20272032203720422048Kenya 27 · May 2027 · 6.647%Kenya 28 · Feb 2028 · 7.189%Kenya 31 · Feb 2031 · 8.149%Kenya 32 · May 2032 · 8.952%Kenya 33 · Oct 2033 · 9.153%Kenya 34 Jan · Jan 2034 · 9.338%Kenya 34 Feb · Feb 2034 · 9.792%Kenya 36 · Mar 2036 · 9.944%Kenya 38 · Oct 2038 · 10.204%Kenya 39 · Feb 2039 · 10.239%Kenya 48 · Feb 2048 · 9.964%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Kenya 27May 2027100.1886.647%
  • Kenya 28Feb 2028100.0637.189%
  • Kenya 31Feb 2031104.5008.149%
  • Kenya 32May 203296.5008.952%
  • Kenya 33Oct 203394.2509.153%
  • Kenya 34 JanJan 203484.2509.338%
  • Kenya 34 FebFeb 203491.1259.792%
  • Kenya 36Mar 203697.5009.944%
  • Kenya 38Oct 203890.87510.204%
  • Kenya 39Feb 203989.81310.239%
  • Kenya 48Feb 204884.9389.964%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

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