Kenya’s bilateral debt repayments towards China-funded infrastructure projects have grown by nearly half to a new record of Sh107.42 billion this financial year on the back of increased clearance of principal sums after the grace period lapsed.
The expenditure data published by Treasury Cabinet Secretary Njuguna Ndung’u shows the amount repaid to Chinese lenders was 46.19 percent more than Sh73.48 billion in the previous financial year.
