Wednesday, October 25, 2023

Kenya-China Ties: Infrastructure, Trade Deficits, and Debt

 Kenya's Business Daily published on 24 October 2023 an article titled "Treasury: What Kenya Got from China" by Kepha Muiruri.  

While Kenya has benefited from Chinese financing of major infrastructure projects, it means that China is the third largest holder of Kenya's external debt after the World Bank and Eurobonds.  An article on President William Ruto's attendance at the Belt and Road Initiative Forum in Beijing also charts Kenya-China trade since 2018, which documents a huge and consistent Kenyan trade deficit with China.