Thursday, October 9, 2025

Kenya Swaps Dollar Payments to China for Yuan

 The Kenya Times published on 7 October 2025 an article titled "How Kenya Will Save Ksh 27 Billion Annually after Major Loan Deal with China" by Jason Ndunyu.

Kenya is converting repayment from US dollars to Chinese yuan of its $5 billion loan from the Export-Import Bank of China used to build the Standard Guage Railway from Mombasa to the outskirts of Nairobi.  This agreement is expected to save Kenya about $215 million annually in debt servicing costs.