Kenya is currently negotiating a debt repayment holiday with China. Senior State officials, led by National Treasury Cabinet Secretary Ukur Yatani, have their work cut out for them as they prepare to convince China to offer Kenya a debt repayment holiday. But, unlike other rich nations that have agreed to give Kenya some breathing space on debt repayment, China still expects to be paid close to Sh55 billion in the next six months. Only two African countries, Angola and Zambia, have so far secured debt relief from China. By January 21, Kenya is expected to start repaying the Sh162 billion it borrowed from China to build the Nairobi-Naivasha Standard Gauge Railway.

Source: Daily Nation January 14, 2021 07:00 UTC