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Kenya converts $3.5bn China Exim railway loans into yuan, saving $215mn annually; eyes new IMF deal
Kenya has completed the conversion of three dollar-denominated loans from the Export-Import Bank of China into yuan, a move ...
Over the last decade, China has tightened its grip on Kenya as a top source market, strengthened after it won a landmark deal ...
Kenya has completed converting three railway construction dollar-denominated loans from China into yuan in order to save on ...
The government, through the Treasury, on Tuesday completed the conversion of the Ksh646.15 billion (USD5 billion loan) owed ...
Move expected to cut Kenya’s annual debt-servicing costs by US$215 million also fits into China’s broader goal of yuan ...
By servicing its Chinese loans in yuan, Kenya is expected to save roughly Sh26.4 billion annually in interest and exchange ...
For most of the past 25 years, Chinese construction companies operating in Africa could count on generous financial backing ...
On Sunday, hundreds of Kenyans flooded into the center of Nairobi, demanding President William Ruto step down. Ruto, whose presidency may not survive nationwide demonstrations, is one of America’s ...
For the best experience, please enable JavaScript in your browser settings. China's financial assistance to Kenya has been instrumental in driving development. [File ...
President William Ruto lays a wreath at the Monument to the Peoples' Heroes at Tiananmen Square in honour of the martyrs of the struggle for the founding of the Peoples' Republic of China in 1949.
BEIJING (AP) — Kenyan President William Ruto pledged to build closer ties with China on Thursday, a day after saying a global trade war triggered by Washington could deal a “death blow” to the current ...
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