Yuan-for-Dollar Swap Helps Kenya Trim Debt Costs by $167 Million

Kenya’s debt repayments to China fell by more than a third after the conversion of dollar loans for a railway project into yuan, offering reprieve for the economy struggling with...

By David Herbling · Bloomberg Markets

Kenya’s debt repayments to China fell by more than a third after the conversion of dollar loans for a railway project into yuan, offering reprieve for the economy struggling with mounting liabilities.