Tag: IMF Kenya Warning
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IMF Warns Kenya Over Risks of Converting Debt to Yuan
The International Monetary Fund cautioned Kenya over the dangers of converting U.S. dollar-denominated loans to new loans priced in Chinese yuan. In October, Kenya announced that it plans to convert the remaining $3.5 billion of debt owed to the China Exim ...
Kenyan technician installs a Chinese-made solar panel in Nairobi that makes up some of the 80% of renewable energy generated in the East African country each year. LUIS TATO / AFP
A beauty salon in a small southern Kenyan town is dimly lit by a few lights. There’s no streetlighting here in Mtito Andei, so those lights are how customers make their way. The salon’s owner is Rehema Yusuf, a mother of three. A few years ...
IMF Warns Kenya Over Risks of Converting Debt to Yuan
The International Monetary Fund cautioned Kenya over the dangers of converting U.S. dollar-denominated loans to new loans priced in Chinese yuan. In October, Kenya announced that it plans to convert the remaining $3.5 billion of debt owed to the China Exim ...