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Sh534bn China debt now 72pc of bilateral loans pile

Chinese workers on the standard gauge railway. FILE PHOTO | NMG

China has extended its position as Kenya’s biggest lender, with the Sh534 billion it had disbursed in loans by the end of March raising its share of Kenya’s bilateral debt to 72 per cent.

The Chinese debt has expanded by Sh453 billion since 2014, mainly on account of loans Kenya procured to build the standard gauge railway.

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