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Kenya Cuts Debt Costs With Yuan Swap as China Ties Reshape Financing
Kenya reduced its external debt-servicing costs by about $167 million after using a yuan-for-dollar currency swap linked to its debt with China. This is the first time Nairobi has specified the exact figure, after announcing the swap in October. The transaction lowered ...
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Kenya Cuts Debt Costs With Yuan Swap as China Ties Reshape Financing
Kenya reduced its external debt-servicing costs by about $167 million after using a yuan-for-dollar currency swap linked to its debt with China. This is the first time Nairobi has specified the exact figure, after announcing the swap in October. The transaction lowered ...