China ready to give Kenya debt service break

budget, treasury, public borrowing


Business Daily | by Otiato Guguyu


China has said it is holding talks with Kenya for a possible debt service suspension to help the country recover from the economic knocks of Covid-19.

Kenya which received a Sh32.9 billion loan repayment break from Paris Club of countries said it is eyeing an additional Sh40.6 billion debt waiver from non-G20 countries to use revenues for tackling the coronavirus pandemic.

“China attaches great importance to debt suspension and alleviation in African countries including Kenya and is committed to…

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