Kenya spends USD 1 billion in a year to repay Chinese loans, burdening taxpayers

Nairobi [Kenya], July 16 (ANI): Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (about 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other infrastructure projects, according to a report by Business Daily.

The Kenyan Business Daily stated that the cash