The lower debt service bill came in a year when Nairobi secured a deal with Beijing to convert three dollar-denominated SGR loans into the Chinese renminbi.
By
Constant Munda
Correspondent
Nation Media Group
Kenya cut annual repayments on Chinese loans by Sh21.61 billion in the financial year ended June 2026 after restructuring standard gauge railway (SGR) debts, easing pressure on the Exchequer as the country moved beyond the peak repayment period for Beijing-funded infrastructure projects.
The move could set a new precedent, reducing Nairobi’s reliance on US currency while meeting Beijing’s goal of increased trade…
The William Ruto government released part of the loan documents related to the railway in November 2022, when it was less than a…
The Principal Secretary for Transport argued that releasing the records could cripple the government’s ability to implement its…
KENIJA je ishodila otplatu kineskih kredita u juanima, umjesto u dolarima, a najmanje pet azijskih i afričkih zemalja naznačilo…
Higher disbursements from the African Development Bank underscore Kenya’s growing shift towards multilateral financing amid…
The loan repayments by KenGen and KPA come in a year when Treasury did not allocate cash to pay guaranteed debt, exposing Kenya…
