SGR loan tops agenda as Mbadi leads team to China
The government is keen to extend the railway line to Mabala via Kisumu
7mon agoVICTOR AMADALABusiness
China has continued to dominate the list of lenders to Kenya.
China is still a major lender to Kenya, mainly for the development of roads, rails, and port infrastructure.
China Eximbank has also financed a large number of key projects in the fields of transportation, clean energy, and telecommunication.
President William Ruto’s administration has maintained that Kenya's current debt situation underscores the urgent need for sustainable economic growth, to manage and repay these substantial obligations.
The government has maintained that while external borrowing has facilitated significant development, it also poses risks of debt distress.
