Kenya’s repayment to China has shot to a record high of Sh73.5 billion this fiscal year after the expiry of the debt-repayment suspension period. The repayments are for debts taken to fund infrastructure projects. The Treasury published expenditure data this
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Tanzania President John Magufuli has appealed to China to forgive some debt incurred by the East African nation.
Lawmakers in Kenya are pushing to reduce the operating costs of a Chinese-built railway, calling for a renegotiation of the Chinese loan terms used to finance its construction.
