By Moses Michira and Sunday Frankline
From the article:
Last week marked a major milestone, or millstone - depending on where one’s seat at the table is positioned - in the country’s relationship with China’s bank managers. After the latest round of loan talks held in Beijing, Kenya’s debt stock to China crossed the Sh1 trillion mark.
This could easily grow by another Sh200 billion should Chinese leader Xi Jinping sign off on President Uhuru Kenyatta’s request to finance the Naivasha-Malaba railway line.
...
A study by the Centre for Global Development found that 23 out of the 68 countries roped into China’s Belt and Road Initiative are in significant debt distress.
Read the full article here.
