Kenya eyes China action after Paris Club debt relief

Treasury CS Ukur Yatani. FILE PHOTO | NMG

Kenya is eyeing debt service waivers by more lenders after the Paris Club of international creditors handed it a Sh32.9 billion loan repayment break to help ease the financial distresses linked to the Covid-19 pandemic.

The Paris Club — which includes Belgium, Canada, Denmark, France Germany, Italy, Japan, Republic of Korea, Spain and the US — said Monday it had accepted a request from Kenya for debt service suspension from January to the end of June.

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