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Fueled by Chinese Loans, Kenya’s National Debt Tops $57 Billion

Yasuyoshi CHIBA / AFP

Kenya’s Treasury released new information about the country’s rising debt load, announcing that it’s about to reach Sh6 trillion ($57 billion.) Last week, Parliament approved a new, higher debt ceiling of Sh9 trillion ($87 billion) in part to accommodate 44 new loan requests to pay for some of President Uhuru Kenyatta’s “Big Four” infrastructure projects — some of which will be financed through Chinese lending.

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