Kenya makes a comeback in Chinese loans

Photo credit: Compiled by John Waweru | Designed by Stanslaus Manthi

Kenya received its first commitment from China in four years, breaking a lull that came after Beijing slowed down lending to developing countries on increased risks of debt distress.

Data from the Global Development Policy Centre shows Chinese loan commitments to Kenya resumed in 2024, ending a hiatus that lasted from 2020 to 2023. Between 2020 and 2023, Chinese loan commitments to Kenya stopped entirely.

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