Business Daily | by Edwin Mutai
Kenya has fallen further back on the repayment of the Sh18 billion Southern Bypass loan, underlying the growing struggle to keep up with a mountain of debt owed to Chinese firms building mega projects in the country.
Auditor General Nancy Gathungu says Kenya now owes China Exim Bank Sh3.6 billion in delayed payments for the year to June 2021. This is an increase of Sh726 million from Sh2.9 billion that was outstanding in 2020…
