Follow CGSP on Social Media

Listen to the CGSP Podcast

China Stands Apart From Kenya’s Other Bilateral Creditors in Requiring Full Debt Repayment

While Japan, France, and Kenya’s other major bilateral creditors are all giving Nairobi some breathing room during the ongoing pandemic in the form of reduced debt servicing payments, that is not the case with China. Last quarter, the Treasury transferred $266 million to Chinese creditors, mostly to the China Exim Bank, to fulfill its debt repayment obligations, according to a report in Business Daily.

Earlier this year, the Kenyan government asked the China Exim Bank to extend a 6-month debt repayment holiday that expired on June 30th to run through the end of the year. When the bank refused, Kenya opted to proceed with its full repayment rather than to mount a challenge.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?


The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.