Kenya’s repayments towards Standard Gauge Railway (SGR) line-related loans will more than double in the financial year starting July on the back of increased payment of principal sums to Chinese lender for the mega infrastructure project.
The Treasury projects debt repayments to Exim Bank of China will shoot to Sh96.70 billion in the next financial year, a 126.61 per cent surge from revised Sh42.67 billion budgeted for this year.
