China ready to give Kenya debt service break

Treasury building. FILE PHOTO | NMG

China has said it is holding talks with Kenya for a possible debt service suspension to help the country recover from the economic knocks of Covid-19.

Kenya which received a Sh32.9 billion loan repayment break from Paris Club of countries said it is eyeing an additional Sh40.6 billion debt waiver from non-G20 countries to use revenues for tackling the coronavirus pandemic.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.