Kenya converts $3.5 billion loans from China into yuan to cut interest

Kenya's Finance Minister John Mbadi reacts after arriving at the parliament building to present the Government Budget for the 2025/26 fiscal year in Nairobi, Kenya June 12, 2025. PHOTO/REUTERS

By  REUTERS

REUTERS

What you need to know:

  • The East African nation borrowed three loans amounting to $5 billion in 2014 and 2015 for the construction of a modern railway line from the port city of Mombasa to a station near the Rift Valley town of Naivasha in the hinterland

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