Kenya to get Sh6bn Chinese loan amid concern over heavy debt

Treasury permanent secretary Kamau Thugge. PHOTO | FILE

Kenya will receive a Sh60 billion ($600 million) loan from China to help fund a 2015/16 budget deficit amid concerns over increased uptake of debt from the Asian economic giant.

Kenya has ramped up spending in recent years to build a modern railway, new roads and electricity plants, driving up the budget deficit.

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