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Why Treasury is right to pay debts owed to China in yuan
National Treasury and Economic Planning Cabinet Secretary John Mbadi addressing journalists outside the National Treasury Building in Nairobi on February 13, 2025.
Kenya’s recent decision to begin repaying part of its loans to China in yuan rather than US dollars marks a quiet but powerful shift in how the country manages its external finances.
This move is not just about debt repayment mechanics—it’s a deliberate, forward-looking step toward fiscal prudence, economic flexibility, and a stronger strategic partnership with China.
