Sign in
Download Opera News App

News Politics

 

Politics

 

Africa politics

Where Does Kenya Lie As Far as China Debt is Concerned.

China has established itself as the biggest lender to African countries making it debt-trap diplomacy. African countries do not shy away from borrowing funds from the Chinese government be it for development purposes or to cater to emergency needs such as during the covid-19 pandemic. Kenyan government is one of the beneficiaries of these loans has been criticized by its citizens for its heavy borrowings and Kenyan wonder how these loans will be repeated or it will be like the situation that Montenegro is facing.

Even if the Kenyan government is not among the top countries with huge debts to China. As of April 2021, Kenya's loan stands at sh 758 billion. Most of these funds have been used for development purposes, which includes the building of railways, roads. The leading African countries as far as China loans are concerned are Angola which owes more than $20billion, Ethiopia owes China more than $10 billion. Other countries with huge debts to China are Zambia, DRC, and Sudan.

Uhuru's government has been blamed by its citizens for overborrowing and corruption leading to the misappropriation of these loans. Is the Kenyan government in a better position as far as China loans are concerned?

Content created and supplied by: EscoberNews (via Opera News )

China Ethiopia Kenya Kenyan Sudan

COMMENTS

Load app to read more comments