China may seize Kenyan assets, external debt reaches more than USD 36 billion

The default occurred a year after Kenya requested a six-month extension of the debt repayment moratorium from bilateral lenders, including China. However, the lenders, particularly the Exim Bank of China, refused to consider Kenya's application.  

October 22, 2022 at 10:59PM
from Zee News :World https://ift.tt/CTdi6cJ