Kenya’s Ruto to ask China for $1bn loan, debt restructureFri, 06 Oct 2023 16:35:23 GMT
Kenyan President William Ruto will ask China for a $1-billion loan and a restructured debt payment plan, his deputy said Friday, despite having criticised his predecessor’s heavy borrowing from Beijing.One of East Africa’s largest economies, Kenya has accumulated more than 10.1 trillion shillings ($68 billion) in debt, a figure equivalent to 67 percent of its …
Kenya’s Ruto to ask China for $1bn loan, debt restructureFri, 06 Oct 2023 16:35:23 GMT Read More »