Kenya’s recent upgrade by S and P Global Ratings from B- to B is more than a technical adjustment, it’s a turning point in the country’s economic story.
As Kenya edges closer to joining Botswana, Mauritius and Morocco among Africa’s investment-grade economies, the ripple effects are already being felt: Eurobond yields have dropped by 0.6 percent, unlocking an estimated $220 million in potential savings on debt service.