{"id":32753,"date":"2021-08-03T14:40:58","date_gmt":"2021-08-03T14:40:58","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=32753"},"modified":"2021-08-03T13:37:14","modified_gmt":"2021-08-03T13:37:14","slug":"china-warning-sign-prompts-kenya-to-resume-full-debt-repayment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment","title":{"rendered":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment"},"content":{"rendered":"

Africa-Press<\/a> – Kenya<\/a>. <\/strong><\/span>Kenya has recalled a request it had previously made to China – asking for a postponement of the infrastructure loan repayment to December 2021.<\/p>\n

The Business Daily quoted its sources indicating that the decision was made after China indicated it would stop loaning Kenya if the debt service agreements were not honoured as agreed in the contracts.<\/p>\n

The National Treasury sought the first postponement in 2020 – citing the economic aftershocks of the Covid-19 pandemic. The request was approved in January 2021 – requiring servicing to resume in June 2021.<\/p>\n

The agreement was that the debtors would adhere to a 6-month debt relief period allowed by China and other G20 nations. This was approved and signed under the Debt Service Suspension Initiative (DSSI).<\/p>\n

On July 2, 2021, China froze the disbursement of funds to projects being undertaken in Kenya.<\/p>\n

The move was interpreted as China\u2019s Exim Bank subtle warning and expression of its displeasure to Nairobi seeking to extend debt relief from June to December 2021.<\/p>\n

Kenya\u2019s request for an extension for relief was revealed by the International Monetary Fund (IMF).<\/p>\n

However, the Chinese embassy in Nairobi described the funding incident as a hitch that was quickly resolved.<\/p>\n

National Treasury PS Julius Muia has now assured stakeholders that Kenya would not pursue an extension of debt relief any further.<\/p>\n

He further affirmed that the country was paying Exim Bank of China as stipulated in the Debt Service Suspension Initiative (DSSI).<\/p>\n

As of April 2021, the communist republic had lent Kenya a total of Ksh758 billion for infrastructure projects including the Ksh327 billion Mombasa-Nairobi Standard Gauge Railway (SGR).<\/p>\n

In April, President Uhuru Kenyatta called for debt forgiveness as a means to cushion countries that are severely affected by the Covid-19 pandemic. He was speaking at a meeting organised by the Organization of African, Caribbean, and Pacific States (OACPS)<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya has recalled a request it had previously made to China – asking for a postponement of the infrastructure loan repayment to December 2021. The Business Daily quoted its sources indicating that the decision was made after China indicated it would stop loaning Kenya if the debt service agreements were not honoured […]<\/p>\n","protected":false},"author":84,"featured_media":32752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[6857,7003,544],"class_list":["post-32753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nChina Warning Sign Prompts Kenya to Resume Full Debt Repayment - kenya<\/title>\n<meta name=\"description\" content=\"Kenya has recalled a request it had previously made to China - asking for a postponement of the infrastructure loan repa ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Warning Sign Prompts Kenya to Resume Full Debt Repayment\" \/>\n<meta property=\"og:description\" content=\"Kenya has recalled a request it had previously made to China - asking for a postponement of the infrastructure loan repa ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-03T14:40:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China Warning Sign Prompts Kenya to Resume Full Debt Repayment\",\"datePublished\":\"2021-08-03T14:40:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\",\"name\":\"China Warning Sign Prompts Kenya to Resume Full Debt Repayment - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg\",\"datePublished\":\"2021-08-03T14:40:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Kenya has recalled a request it had previously made to China - asking for a postponement of the infrastructure loan repa ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg\",\"width\":720,\"height\":360,\"caption\":\"China Warning Sign Prompts Kenya to Resume Full Debt Repayment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China Warning Sign Prompts Kenya to Resume Full Debt Repayment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment - kenya","description":"Kenya has recalled a request it had previously made to China - asking for a postponement of the infrastructure loan repa ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment","og_locale":"en_US","og_type":"article","og_title":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment","og_description":"Kenya has recalled a request it had previously made to China - asking for a postponement of the infrastructure loan repa ...","og_url":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-08-03T14:40:58+00:00","og_image":[{"width":720,"height":360,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment","datePublished":"2021-08-03T14:40:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment"},"wordCount":314,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg","keywords":["Africa Press","Africa Press-Kenya","Kenya"],"articleSection":["all news","economy","head lines","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment","url":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment","name":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg","datePublished":"2021-08-03T14:40:58+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Kenya has recalled a request it had previously made to China - asking for a postponement of the infrastructure loan repa ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610946705a514.jpg","width":720,"height":360,"caption":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/china-warning-sign-prompts-kenya-to-resume-full-debt-repayment#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"China Warning Sign Prompts Kenya to Resume Full Debt Repayment"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/32753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=32753"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/32753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/32752"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=32753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=32753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=32753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}