Ukur Yatani

Treasury Cabinet Secretary Ukur Yatani pose for a photo with the budget briefcase at The Treasury before leaving for Parliament Buildings for the reading of 2021/2022 annual budget on June 10, 2021.

| Sila Kiplagat | Nation Media Group

Eurobond dossier reveals Kenya’s deep economic ties to China, IMF

What you need to know:

  • The Treasury is seeking the new funding to support its annual budget and repay other maturing loans.
  • The huge debts Kenya owes to China tops the list of risks to its economy. 

Kenya’s economy is tied at the hip to China and swings in the Asian giant’s fortunes have a direct impact in Nairobi, a report released by the Treasury has revealed.

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