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It’s payback time on China project loans starting July

After patiently sinking billions on Kenyan soil by financing mega infrastructure projects, China will startreaping the benefits of its investment in massive debt repayments starting in the next financial year.  

Budget estimates tabled in Parliament show that Nairobi will give Beijing a staggering Sh93.9 billion in interest and principal payments by end of June 2020, more than twice what Kenya will pay China in the financial year ending June this year.

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