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Kenya to pay China Sh35 billion this month as debt holiday ends

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The Standard | by Dominic Omondi


Kenya is expected to pay China $325.6 million (Sh35.2 billion) by end of this month, a situation that will eat into its bumper harvest of foreign exchange (forex) reserves in the last few weeks.

The payment will include a principal of $183.5 million (Sh19.8 billion) and an interest of…

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