China, Kenya Close to Reaching Debt Relief Deal

China and Kenya appear to be closing in on a debt restructuring arrangement just days before a major railway loan comes due. The Chinese embassy issued a vague statement on Monday that said both sides are holding “smooth” talks related to Kenya’s debt servicing challenges. 

“China attaches great importance to debt suspension and alleviation in African countries including Kenya,” said the embassy statement.

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by Eric Olander

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