Burundi, which is one of the seven countries forming the East African Community (EAC), will be getting an immediate disbursement of more than USD 62 million, from the arrangement.
Provided Kenya successfully redeems the Eurobond in 2024, either via refinancing or by securing alternative loans, debt pressures will ease, as the next Eurobond redemptions, for a combined US$1.9bn, will not fall due until 2027‑28.
It was also revealed that Tanzania dedicated nearly 70 billion/- in the fiscal year 2022/2023 for medical equipment and supplies and that until January 2023 a total of 33.15 billion/- had already been disbursed to Regional Governments to that effect.