China's debt-trap diplomacy: Kenya offered 'debt repayment holiday' for 6 months worth USD 245 million

Feb 16, 2021

Beijing [China], February 16 : In yet another example of China's debt-trap diplomacy, Kenya has been roped in a deal with a six-month debt...

Kenya spends USD 1 billion in a year to repay Chinese loans, burdening taxpayers

Jul 16, 2024

Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to...

Kenya's debt obligations towards China more than double in one year

May 20, 2022

Nairobi [Kenya], May 20 : Kenya's debt obligations towards China have shot up by a staggering 135.15 per cent in the last one year...

Kenya’s debt level reaches record high: Report

Aug 29, 2023

As per data, the total public debt of Kenya has risen by a record 10.8 billion US dollars to 70.75 billion US dollars, breaching...

Kenyan President withdraws 'controversial' finance bill after deadly protests

Jun 26, 2024

Kenya, a nation often praised for its stability, has been witnessing escalating protests over the bill, which the government introduced to rein in public...

Kenyan court declares USD 3.2 billion railway contract with China illegal

Jun 25, 2020

Nairobi [Kenya], June 25 : A Kenyan appellate court has ruled that the USD 3.2 billion railway contract between Kenya and the China Road...