Kenya: China halts Kenya lending amid debt relief offer
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Kenya: China halts Kenya lending amid debt relief offer
China has frozen active loan disbursements to Kenyan projects due to disagreements over Nairobi’s offer to extend the debt repayment vacation until December. China-funded projects face a money shortage as contractors report late payments from banks such as Exim Bank of China. Executives at state-owned firms say the projects are delayed because of the funding […]The post Kenya: China halts Kenya..
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