Countries Are Turning to Ruto's Yuan Loan Strategy - Report

The strategy is expected to save Kenya a total of approximately Ksh27.83 billion amid interest in China for high capital-intensive projects, with the latest being the award of the JKIA expansion contracts...

✨ Key Highlights

Following Kenya's successful restructuring of Chinese loans, other nations are now considering repaying their debts to China in the Chinese yuan instead of the U.S. dollar.

Kenya is projected to save approximately Ksh27.83 billion (USD215 million) annually through this debt conversion.
A study by AidData highlights that at least five countries, including Ethiopia, Mozambique, Zambia, Pakistan, and Indonesia, are exploring similar arrangements.
This shift could be part of a broader Chinese strategy to internationalize its currency and help developing economies manage debt burdened by dollar-denominated borrowing.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article

Related News

top2h ago

Duale Gives Fresh Update on Free SHA Ambulance Services After Ruto Directive

Kenya is on the verge of launching its National Ambulance Dispatch Centre, with a significant number of ambulances ready for deployment. This initiative aims to revolutionize emergency response services across the nation.

Kenyans

📰 Read Full Story

top2h ago

Ruto Fires Back at The Standard, KTN After Explosive Exposé

President William Ruto has strongly criticized Standard Media Group, labeling their reporting as 'extortionist propaganda' against his administration.

Kenyans

📰 Read Full Story

11h ago

Ruto signs Finance Bill, unlocks Sh4.8tr budget for 202627

President William Ruto has officially signed the Finance Bill, 2026 into law, enabling the implementation of the record-breaking Sh4.8 trillion budget for the 2026/27 financial year.

The Standard Business

📰 Read Full Story