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Vol 66 No 17

Published 29th August 2025


Kenya

Looking east, Ruto targets yen and yuan

As dissent mounts, the government is counting on loans, interest rate cuts and a stalled privatisation programme to ease its debt woes

To ease the cashflow crisis that triggered mass protests and weakened the shilling – as the Treasury used precious dollars to pay its Eurobond debts – President William Ruto’s government is looking east, seeking to shift foreign loans from dollars to yen and renminbi.

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