KENYA WILL SEEK $1 BILLION LOAN FROM CHINA AND LONGER REPAYMENT PERIOD

Kenya's President William Ruto will ask China for a $1 billion loan to complete stalled road construction projects when he travels to Beijing later this month, his deputy said on Friday.

Ruto's plan, which also includes a request to lengthen the maturity periods of existing loans, marks a shift in his stance on Chinese debt after his coalition criticised his predecessor's borrowing spree from China during last year's election campaign.

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