Nairobi, July 21 -- The Central Bank of Kenya (CBK) has raised its weekly borrowing target from the short-dated Treasury bills to Sh28 billion after a spike in domestic borrowing requirements for the 2026/27 fiscal cycle.

The apex bank has raised the weekly auctions target from Sh24 billion, raising its haul from the short-term securities as net domestic borrowing for the period to June 30, 2027, rises to Sh1.03 trillion from Sh994.8 billion previously.

Sources within financial markets and close to the CBK reckon the enhanced T-bills cash goal has stemmed from the higher domestic borrowing target for the current fiscal year.

CBK has targeted Sh28 billion in each of its last two weekly T-bill auctions, with a higher quantum placed on th...