The portion of Kenya’s external debt denominated in Chinese currency nearly doubled between September and December 2016, pushed up by a Sh20.7 billion ($200 million) semi-concessional loan disbursement from Beijing.
Latest data from Central Bank of Kenya shows that the yuan-denominated portion of external debt stood at 6.6 per cent at the end of the second fiscal quarter of 2016/2017, up from 3.9 per cent at the end of September.
