People Daily | by Lewis Njoka
Kenya owes China Sh750 billion to be paid at an average interest rate of three per cent, National Treasury Cabinet Secretary Ukur Yatani said yesterday.
This translates to 21 per cent of the country’s external debt making China the country’s leading bilateral creditor.
The loans were extended through Export Import Bank of China and China Development Bank.
Yatani said the country has no intention to default on its debt despite…
