China loan terms steepest among Kenya’s top lenders
Kenyan and Chinese officials during the signing of bilateral agreements. The latest data from Treasury shows that interest payments on loans from China constituted 30.7 per cent of principal debt—the steepest among all bilateral loans settled within the period.
China’s loan repayment terms were the steepest among the top five bilateral lenders to Kenya in the year to June 2022, with the value of interest paid to Beijing surpassing a third of the principal debt even as other countries charged much less.
The latest data from Treasury shows that interest payments on loans from China constituted 30.7 per cent of principal debt—the steepest among all bilateral loans settled within the period.
