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Kenya saves Sh22 billion after China SGR loan deal
National Treasury and Economic Planning Cabinet Secretary, John Mbadi, says dollar loans were attracting interest rates of more than 6 percent, comprising prevailing Secured Overnight Financing Rate.
Kenya cut annual repayments on Chinese loans by Sh21.61 billion in the financial year ended June 2026 after restructuring standard gauge railway (SGR) debts, easing pressure on the Exchequer as the country moved beyond the peak repayment period for Beijing-funded infrastructure projects.
Treasury data shows Kenya paid Sh107.74 billion to Chinese lenders in the year ended June 30, 2026, down from Sh129.35 billion a year earlier.
