Kenya raised $2.82 billion in its maiden Eurobond sale in 2014, money it said would be used to pay off a $600 million syndicated loan and to build roads, ports and to expand electricity generation.
Opposition leader Raila Odinga claimed $1 billion of that money is unaccounted for and demanded the resignation of National Treasury Secretary Henry Rotich and other 10 officials – who he termed as persons of interest- over the matter and asked for an independent forensic audit to be conducted.
Rotich said he wouldn’t resign because “no money was lost” in the transaction.
Statements released by the CBK shows two withdraws of an initial $2 billion raised were made. The first $395,439,262.5 was received on July 3, 2014, the same day Kenya retired its syndicated loan. A final payment of $999,018,457.6 was received on Sept. 8, 2014. It included $245,957.27 in interest and after $225,262.67 was paid in charges.
Kenya received a further $815,436,932 from tap sales in December 2014.
The bank said it provided evidence requested by investigating agencies.
