Kenya paid China Sh29bn to ease debt repayment standoff

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Business Daily | by Constant Munda


Kenya wired Sh29.86 billion to China in the quarter to September 2021 to ease a standoff over debt repayments that delayed disbursements to projects funded by Chinese loans.

Treasury documents reveal that Kenya paid the billions in a period when Chinese lenders, especially Exim Bank, had opposed Kenya’s application for a debt repayment holiday…

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