Kenya saves Sh22 billion after China SGR loan deal
Nairobi, July 5 -- Kenya cut annual repayments on Chinese loans by Sh21.61 billion in the financial year ended June 2026 after restructuring standard gauge railway (SGR) debts, easing pressure on the Exchequer as the country moved beyond the peak repayment period for Beijing-funded infrastructure projects.
Treasury data shows Kenya paid Sh107.74 billion to Chinese lenders in the year ended June 30, 2026, down from Sh129.35 billion a year earlier.
The payments were also Sh44.95 billion below the record Sh152.69 billion settled in the fiscal year ended June 2024, marking the second consecutive annual decline after repayments peaked.
The lower debt service bill of Sh107.74 billion came in a year when Nairobi secured a deal with Beijing to...
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