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China biggest lender to Kenya by country as debt pressure piles
Kenya owed China at least Sh653.1 billion in outstanding debt by end of 2024-2025 financial year, official data shows, as the Asian country remained the biggest lender by country. This was followed by France at Sh101.4 billion after going up from Sh96.7 billion in 2024, Japan (Sh88.9 billion up from Sh80.5 billion) and Germany at Sh56 billion up from Sh43.2 billion, closing the list of key lenders to Kenya in bilateral arrangements. [...]