China is Kenya’s largest source of imports, and the nation has in the past decade emerged as the biggest bilateral provider of loans.
By
John Waweru
Data Journalist
Nation Media Group
The share of Kenya’s foreign loans in yuan has more than doubled to 11.7 percent after converting three standard gauge railway (SGR) dollar-denominated loans to the Chinese currency as nations explore alternatives to expensive greenback-linked financing.
The lower debt service bill came in a year when Nairobi secured a deal with Beijing to convert three dollar-denominated SGR loans…
Kenya restructures $3.5bn Chinese railway loans into yuan while courting UAE capital for ports and rail, signalling a multi-polar…
The move could set a new precedent, reducing Nairobi’s reliance on US currency while meeting Beijing’s goal of increased trade…
Kenya considers its first yuan-denominated Panda Bond to diversify funding sources, joining a 90% surge in China's onshore debt…
Higher disbursements from the African Development Bank underscore Kenya’s growing shift towards multilateral financing amid…
Kenya’s key purchases from India include pharmaceutical products, rice and refined petroleum fuels.
