Kenya Spends USD 1 Billion In A Year To Repay Chinese Loans, Burdening Taxpayers

Nairobi: Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (about 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other infrastructure projects, according to a report by Business Daily.The Kenyan Business Daily stated that the
Nairobi: Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (about 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other infrastructure projects, according to a report by Business Daily.The Kenyan Business Daily stated that the
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