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NAIROBI Cheap Hydro Flask Hydration 18 OZ Wide Mouth Olive , July 11 (Xinhua) -- Kenya's domestic debt has risen to 21 billion U.S. dollars following increased sale and uptake of Treasury bills and bonds as the government seeks to offset a budget deficit.
Central Bank of Kenya (CBK) data indicated on Tuesday that the debt hit the new level at the end of June, from 20 billion dollars at the end of May, a rise of nearly about 1 billion dollars in nearly a month.
About 20 billion dollars of the debt is held in Treasury bonds and bills, which account for 99 percent of the total borrowing.
Of the two, however Cheap Hydro Flask Hydration 18 OZ Wide Mouth White , Treasury bonds account for the largest chunk at 64 percent with Treasury bills standing at 35 percent.
Following the surge in borrowing, the share of domestic debt to total public debt, which stands at 40 billion dollars, is 51 percent.
Each week, the Central Bank puts up for sale T-bills worth 233 million dollars but ends up accepting up to 300 million of investors' bids Cheap Hydro Flask Hydration 18 OZ Wide Mouth Black , pushing up domestic debt.
The National Treasury attributed further the increase in domestic debt to a rise in Treasury bonds holdings as investors' appetite shift towards the relatively longer dated securities following a more normalized yield curve.
The government is currently ahead of its domestic borrowing target for the current fiscal year, having borrowed some 97 million dollars against a target of 60 million dollars, according to Cytonn, a Nairobi-based investment firm.
The firm added that domestic debt is expected to sustain an upward trend in the coming months following reduced credit to private sector by commercial banks.
Private sector credit in the East African nation declined to 17-month low of 4.1 percent in the first quarter of 2017 from 21 percent in 2015, with the drop blamed on introduction of interest rate caps on commercial banks loans.
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NIAMEY， Sept. 3 (Xinhua) -- Five people were killed in an overnight attack by suspected Boko Haram militants in east Niger， according to local media reports.
The attackers， believed to belong to the extremist group Boko Haram， rode into the village of Toumour on camels on Friday night. They burnt down houses， and killed and injured residents in the village.
？The attack is the first in three months carried out in the east by the group， according to Niger Public Radio.
NEW YORK, Sept. 13 (Xinhua) -- Oil prices climbed on Wednesday, as the International Energy Agency (IEA) reported a surplus of crude supply was starting to decline.
The report said global oil demand grew very strongly year-on-year in the second quarter of 2017 Cheap Hydro Flask Hydration 18 OZ Standard Mouth Red , by 2.4 percent. The demand growth of the Organization for Economic Cooperation and Development (OECD) continues to be stronger than expected, particularly in Europe and the United States.
Global oil supply fell in August due to unplanned outages and scheduled maintenance, mainly in non-OPEC countries, which is the first decline in four months.
However, U.S. data showed a big increase in crude inventories due to the ongoing effects of hurricane.
Crude oil inventories rose by a smaller-than-expected 5.9 million barrels in the Sept. 8 week to 468.2 million Cheap Hydro Flask Hydration 18 OZ Standard Mouth Graphite , 2.5 percent below their level a year ago, the Energy Information Administration (EIA) said in its weekly report Wednesday.
The West Texas Intermediate for October delivery was up 1.07 U.S. dollars to settle at 49.30 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery rose 0.89 dollar to close at 55.16 dollars a barrel on the London ICE Futures Exchange.
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Fishing boats take shelter at the Sanya Harbor to avoid the typhoon Haiyan in Sanya City Cheap Hydro Flask Hydration 12 OZ Kids Wide Mouth Mint , south China's Hainan Province, today. Haiyan, the 30th and strongest typhoon to hit China this year, is now influencing the South China Sea.
South China's Hainan Province is expected to be hit by downpours tonight as Typhoon Haiyan approaches, local authorities said.
Haiyan Cheap Hydro Flask Hydro Flip Lid , the 30th and strongest typhoon to hit China this year, entered the South China Sea early this morning, after having wreaked havoc in the Philippines. It will move northwestward at a speed of 35 km per hour as it remains at such force, according to the Hainan provincial meteorological station.
All fishing boats were urged to return to ports by this noon.
The eastern and southern parts of Hainan as well as the Xisha, Zhongsha and Nansha Islands are expecting strong winds and rainstorms Cheap Hydro Flask Standard Mouth Cap , said the meteorological station.
The China National Marine Environmental Forecasting Center yesterday afternoon raised a warning for waves brought by the approaching typhoon from yellow to orange.
China has a four-tier, color-coded weather warning system, with red representing the most severe, followed by orange, yellow and blue.