Kenya’s debt payments to China in a rare Sh23bn fall

Passengers at Miritini SGR train station in Mombasa.

Photo credit: File | Nation Media Group

The cost of servicing Kenya’s loans from China for the financial year ended June 30, 2025 fell by Sh23.33 billion amid a stable shilling and falling global interest rates, helping free up some cash for a government battling revenue shortfalls.

Treasury documents show Nairobi paid Chinese lenders Sh129.35 billion for loans contracted to build a modern railway and other infrastructure projects compared with Sh152.69 billion for the year ended June 2024.

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