Tuesday, February 23, 2021

Thirty Percent of Kenya's Debt Repayment Owed to China

 Business Daily published on 22 February 2021 an article titled "Public Debt Repayment Hits Sh1trn for First Time" by Constant Munda.  

Kenya's external debt repayments in fiscal year 2021/2022 reach a record high of $3.7 billion.  About 30 percent is owed to two Chinese banks--Export Import Bank and China Development Bank.