Opera News

Opera News App

The Total Debt That Kenya Owes China.

OrCstyle
By OrCstyle | self meida writer
Published 9 days ago - 11180 views

The topic about Kenya getting itself into huge debts has been a topic of discussion for sometime and it has sparked alot of opinions and criticism on how difficult paying back is going to be.



According to the treasury data published in February 2021 it shows that as of December 2020, debt to China was at KSh 7billion and total country's debt stands at Kshs 9 trillion.



Development and progress in terms of infrastructure, improved health facilities and a stable economy is based on the availability of funds but most Kenyans suggest that other means would have been implored first before borrowing huge sums of money.



The Jubilee government has been borrowing money for projects like that one SGR which is the most expensive project since independence. Other loans were borrowed during the COVID-19 pandemic to sustain the economy.



With this, the Jubilee government is going home and pave way for another government but they will leave the most heavy and huge burden of Kshs 9 trillion debt which payment is going to be challenging.

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

Tags:      

COVID-19 China Jubilee Kenya
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

Good News to Jobless Kenyans in the 5 Counties as Ministry of Labour Plans This

4 minutes ago

0 🔥

Good News to Jobless Kenyans in the 5 Counties as Ministry of Labour Plans This

Forget Rolled Wallpapers, Use This Liquid Walling Material to Polish Your Wall

6 minutes ago

1 🔥

Forget Rolled Wallpapers, Use This Liquid Walling Material to Polish Your Wall

Big Blow to Teachers And Civil Servants As The Following Fresh Details Emerges on Their Pay Review

18 minutes ago

54 🔥

Big Blow to Teachers And Civil Servants As The Following Fresh Details Emerges on Their Pay Review

Newspapers Headlines; Oxygen Scandal, Kalonzo On Edge Over Musalia-Moi President Ticket

19 minutes ago

33 🔥

Newspapers Headlines; Oxygen Scandal, Kalonzo On Edge Over Musalia-Moi President Ticket

Changing The Mindset Of Being Employed In White Collar Jobs Only

33 minutes ago

10 🔥

Changing The Mindset Of Being Employed In White Collar Jobs Only

School Reopening Given Another Major Boost Following 4 Consecutive Days Reduction In Covid Cases

49 minutes ago

102 🔥

School Reopening Given Another Major Boost Following 4 Consecutive Days Reduction In Covid Cases

Curfew Hours Should Be Raised And Lockdowns Extended In These Counties. [Opinion].

1 hours ago

80 🔥

Curfew Hours Should Be Raised And Lockdowns Extended In These Counties. [Opinion].

Final Stretch As Nakuru County Plans To Launch The New Electric Passengers Train

1 hours ago

64 🔥

Final Stretch As Nakuru County Plans To Launch The New Electric Passengers Train

President Uhuru Wins Hearts of Hustlers With His Latest Daring Move That Has Left Millions Excited

1 hours ago

361 🔥

President Uhuru Wins Hearts of Hustlers With His Latest Daring Move That Has Left Millions Excited

Police Puzzled By A Bizzare Incident Where Woman's Body Was Found Multilated And Abandoned In A Car

1 hours ago

284 🔥

Police Puzzled By A Bizzare Incident Where Woman's Body Was Found Multilated And Abandoned In A Car

COMMENTS

View all comments