Kenya will spend about $533 million (Sh69 billion) servicing external debt this month, putting a fresh strain on forex reserves which were recently been replenished by the proceeds of a World Bank loan.
Public debt data compiled by the Bretton Woods shows that the biannual payments to China for the loans contracted from 2014 towards the construction of the standard gauge railway will account for 81 percent or $433 million (Sh56.1 billion) of the July external debt payments.
