Kenya’s debt repayments to China are set to slow down in the new financial year for the first time since the grace period Beijing extended to Nairobi ended, budget documents show.
The Treasury has trimmed the budget for servicing loans from China’s state-controlled lenders by 7.32 percent to Sh112.39 billion in the 2023-24 financial year from Sh121.26 billion estimates for the current year ending June.
