News Snapshot:
China is the leading bilateral lender to Kenya, accounting for 67% of its external debt followed by Japan(14%), France(7%) with other countries accounting for 11%. This is according to a status report on Kenya's Public Debt presented to the Senate Committee on Finance and Budget by the Central Bank of Kenya (CBK) Governor Dr Patrick Njoroge on September 15th 2021. China has invested heavily in infrastructure projects China has invested heavily in several big-ticket infrastructure projects that include the Standard Gauge Railway as well as major road networks Kenya's total debt service to revenues increased to 57% in 2019 from...
