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China–Africa 12 Oct 2026 1 min read

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Kenya projects KSh 71.57bn principal and KSh 28.81bn interest payments to Chinese lenders, Business Daily reports

Chinese lenders, predominantly China Exim Bank, account for KSh 28.81 billion in projected interest payments and KSh 71.57 billion in principal repayments in Kenya's debt-service plans, Business Daily reported on 11 October.

A Madaraka Express train at the Standard Gauge Railway's Nairobi Terminus (file photo, 2023).
A Madaraka Express train at the Standard Gauge Railway's Nairobi Terminus (file photo, 2023). Photo: Fica Vision / Du Fengyan

Chinese lenders, predominantly China Exim Bank, account for KSh 28.81 billion in projected interest payments and KSh 71.57 billion in principal repayments, Business Daily reported on 11 October. The newspaper said the sums form part of the National Treasury's projected debt-service requirements.

Business Daily said China Exim Bank funded construction of Kenya's standard gauge railway (SGR).

Citing the Treasury's latest Annual Public Debt Management Report, the newspaper said 12.7 percent of public debt is due for repayment within one year from 1 July. Business Daily reported that Treasury debt management officials say heavier reliance on Treasury bills has resulted in "increased refinancing risks".

On the external side, Kenya raised US$2.25 billion through a two-tranche Eurobond in February 2026, the newspaper said.

Drafted and translated with AI assistance; reviewed and published by editor Fengyan Du. How we use AI

Sources

  1. Sh1.7 trillion of public debt due before June next year businessdailyafrica.com
  2. Kenya raises Ksh.290 billion in new Eurobond citizen.digital

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