Kenya spends Sh153 billion in a year to repay China loans

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A cargo train at the Port of Mombasa. 

Photo credit: File | Nation Media Group

Kenya spent Sh152.69 billion to repay debt due to China in the just-ended financial year, underlining the burden on taxpayers in servicing loans taken to build a modern railway and other infrastructure projects in the past.

The cash wired to Beijing comprised nearly Sh100.47 billion in principal sums which fell due and Sh52.22 billion in interests, according to disclosures by the Treasury.

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