Kenya’s debt repayments towards China-funded infrastructure projects have more than doubled to a record Sh73.48 billion this financial year on the back of increased clearance of principal sums after the grace period lapsed.
Expenditure data published this week by the Treasury shows the amount repaid to Chinese lenders has surged 135.15 percent compared with Sh31.25 billion in the year ended June 2021 when a moratorium due to Covid-19 shocks was in place.
