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Kenya to save Sh27 billion from China debt service suspension deal

CS Ukur Yatani (PHOTO: FILE)

Kenya has secured a debt repayment moratorium from China which will save it Sh27 billion in the period to June, its National Treasury Cabinet Secretary said on Wednesday.

The government won a debt repayments relief agreement with the Paris Club of international lenders last week, and is looking for deals with non-Paris Club bilateral creditors like China.

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