Author Topic: China loan terms steepest among Kenya’s top lenders  (Read 553 times)

Offline Kadudu

  • VIP
  • Enigma
  • *
  • Posts: 4411
  • Reputation: 1411
China loan terms steepest among Kenya’s top lenders
« on: August 31, 2022, 09:15:43 AM »
I still hear some people terming China's loans to Kenya "cheap". Kindly read here and get the facts right. These loans should not be compared to the commercial loans like Eurobond.

https://nation.africa/kenya/business/china-loan-terms-steepest-among-kenya-s-top-lenders-3931668

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 38124
  • Reputation: 1074446
Re: China loan terms steepest among Kenya’s top lenders
« Reply #1 on: August 31, 2022, 09:35:53 AM »
last I checked china accounted for 1/3 of our external loans - about 10B dollars then - so I'd expect repayment to be 1/3
I still hear some people terming China's loans to Kenya "cheap". Kindly read here and get the facts right. These loans should not be compared to the commercial loans like Eurobond.

https://nation.africa/kenya/business/china-loan-terms-steepest-among-kenya-s-top-lenders-3931668