Japanese loans to Kenya up 162pc as China goes slow

Japanese ambassador to Kenya Ryoichi Horie. PHOTO | DIANA NGILA | NMG

Japan has loosened its purse strings, increasing loans to Kenya by 162 percent over the last year as China begins to go slow on its lending to African States.

National Treasury data show bilateral loans from Japan leapt from Sh52.2 billion ($503 million) in June, 2018 to Sh136 billion ($1.3 billion) by June, 2019.

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