Kenya has converted a $5 billion railway loan from China into yuan, aiming to reduce its annual interest costs by around $215 million, according to Finance Minister John Mbadi. This decision is part of a broader strategy to limit the country’s exposure to fluctuations in the dollar and interest rate hikes. The initial loan, denominated...
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Kenya eases a dollar debt through yuan
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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