Economic

Kenya’s Debt to China Hits Sh101 Billion As External Loans Pile

“China has toppled Japan from being Kenya’s largest bilateral lender, further entangling the country’s economy with the Asian dragon, National Treasury debt data for up to December 31 show. Kenya owes $1.1 billion (Sh101 billion) to China, nearly a third of which was stacked up over the first half of the government’s current fiscal year. The debt stood at about $0.85 billion (Sh82.8 billion) at the end of last June.”

Source: allAfrica.com: Kenya’s Debt to China Hits Sh101 Billion As External Loans Pile

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