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US warns Kenya's rising debt threatens social services, economic stability
Updated : 1 year, 10 months ago IST
The US has warned that Kenya's rising debt burden is undermining its ability to provide quality medical care and education to its citizens, shining the spotlight on expensive debt procured in the last decade partly from China, reports Business Daily Africa.
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China fines Kenya Sh1.31 billion for defaulting on railway loans
Updated : 3 years, 7 months ago IST
Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa.
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