President Ruto will seek a Ksh148.6 billion loan from China when he travels to Beijing later this month, Deputy President Rigathi Gachagua revealed in an interview with a local radio station. According to the second in command, the money will be used to complete stalled road construction projects. A photo of Deputy President Rigathi Gachagua. Currently, the country’s debt to China stands at more than Ksh1.1 trillion, most of which was borrowed during Kenyatta’s reign. However, the projects have since stalled with contractors decrying a lack of payment.

Source: Daily Nation October 07, 2023 10:06 UTC