Interest Kenya paid for outstanding Chinese loans more than doubled in three months through September, official data shows, pushing up repayments to a record high of Ksh72.07 billion ($471.82 million) in the review period.
Latest expenditure disclosures by the Treasury show interest repayments wired to Beijing, mainly through the Exim Bank of China, surged to nearly Ksh24.46 billion ($160.13 million) in the first quarter of the current fiscal year from Ksh11.85 billion ($77.6 million) a year ago.
