Kenya's Treasury Cabinet Secretary Ukur Yatani. China has frozen disbursements of active loans to Kenyan projects in the wake of differences over Nairobi’s bid to extend debt repayment holiday to December. PHOTO | FILE | NMG
China has frozen disbursements of active loans to Kenyan projects in the wake of differences over Nairobi’s bid to extend debt repayment holiday to December.
Chinese-funded projects are facing a cash crunch, with contractors reporting delayed payments from banks like Exim Bank of China.
