The Business Daily newspaper reported on Thursday that the head of Kenya’s public debt management division at the finance ministry intends to resign from his position within the next two months.
Since taking over in 2018, Haron Sirima Bio has played a pivotal role in the East African country’s management of Eurobond issuances.
“My tour of duty has come to an end. I need to give way to young blood. I have a couple of months to go awaiting recruitment of a new director,” the Business Daily quoted Sirima saying.
An advertising is being sent out by the Public Service Commission, which is in charge of hiring civil workers, to find candidates for Sirima’s position.
The debt office was not immediately ready to comment on Sirima’s departure.
Kenya has been dealing with severe liquidity issues as a result of doubts about its capacity to obtain financing from financial markets prior to the June maturity of a $2 billion Eurobond this year.
Earlier this month, the chairman of an IMF delegation to Kenya stated that the organization does not believe Kenya will miss its Eurobond payment.
