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Kenya , Thursday 15 October 2026

Kenya's plan to switch debt payments to China from US dollars to yuan is a 'win-win'

Published on: Thursday 04 September 2025

Kenya's plan to switch debt payments to China from US dollars to yuan is a 'win-win' Kenya's plan to convert its US dollar-denominated Chinese debt to yuan is a "win-win", as it is expected to reduce interest payments for the African nation while advancing China's goal of increasing the global use of its currency, according to analysts. The deal would be precedent-setting and could establish a new rule book for future debt restructuring and possibly cut reliance on the US dollar. In late August, Kenya's Treasury announced that talks with the Export-Import Bank of China were at a


News source: https://finance.yahoo.com/news/kenyas-plan-switch-debt-payments-093000852.html

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