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Kenya, China Agree to $245 Million Debt Deferral Deal

China and Kenya have agreed to a six-month debt repayment holiday worth $245 million. Treasury Secretary Ukur Yatani announced the deal during a radio interview on Wednesday when he said the deferral “will give us an opportunity and break on the kind of liquidity that we desire.”

Although Yatani did not provide details, he gave the broad outlines of the deal according to a report by Citizen TV:

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