The chief of Kenya’s public debt management office within the finance ministry is set to depart from his position within the next two months, as reported by the Business Daily newspaper on Thursday.
Haron Sirima Bio, who has been in this role since 2018, oversees a pivotal aspect of the East African nation’s management of Eurobond issuances.
The Public Service Commission, responsible for supervising the recruitment of civil servants, has released a notice inviting individuals to apply for the vacant position formerly held by Sirima.
As of now, the debt office has not provided any immediate comments regarding Sirima’s departure.
Kenya is currently grappling with severe liquidity issues arising from uncertainties surrounding its capacity to secure funding from financial markets ahead of the maturity of a $2 billion Eurobond in June this year.
The leader of an International Monetary Fund mission to Kenya stated earlier this month that the IMF does not anticipate Kenya defaulting on its Eurobond payment.
