Kenya: China Bails Out Kenya with Ksh40 Billion Loan Ahead of Ruto’s Beijing Visit

President William Ruto is banking on China to keep Kenya’s struggling projects afloat.

As the government grapples with an urgent need to secure Ksh1.2 trillion to remain operational this year, China has stepped in, offering a lifeline in the form of a Ksh40 billion loan. With the addition of the new Ksh40 billion facility, China’s loan portfolio to Kenya will surpass Ksh900 billion, cementing its position as a key player in the country’s financial landscape.

Why it matters: This new…