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Kenya sinks deeper into debt with Sh61 billion loan from China

Treasury building decorated for budget day on 11/06/15 PHOTO: JENIPHER WACHIE

Kenya will sink deeper in China’s swamp of debt after it agreed to a Chinese loan of Sh61 billion to bridge the budget deficit.

This will not just add to Kenya’s debt levels, but will burden more the unborn Kenyans likely to repay the Chinese debt.

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