This follows the end of the six-month debt repayment holiday that Kenya received under the auspices of G-20, a group of wealthy countries. Kenya was from January 21 supposed to start repaying the Sh162 billion China loan used to build the Nairobi-Naivasha SGR line. All the savings that Kenya made from China were sourced from the Exim Bank of China. This year will also see Kenya begin to repay the Sh162 billion loans for the Naivasha-Nairobi SGR, which was to fall on January 21. Other countries that have extended debt repayment to Kenya are Italy, which has rescheduled loans amounting to Sh6.9 billion, France (Sh4.3 billion), Spain (Sh3.2 billion), Japan (Sh2.4 billion), and Germany (Sh1.7 billion).

Source: Standard Digital June 02, 2021 16:52 UTC