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Message: [QUOTE="Nehanda, post: 22636, member: 2262"] Kenya owed a lot of money to other countries. From July to September 2024, they paid back some of it. Kenya paid 165.6 billion shillings in total. Most of this money went to China, which received 65.4 billion shillings, or about 40% of what Kenya paid. Kenya paid China in two ways: 44.5 billion shillings for the main debt and 20.9 billion shillings for interest. China has given Kenya a lot of money over the years, helping pay for big projects like a new railway. This started when Mwai Kibaki was president of Kenya. A report shows how Kenya paid its debts from July to September. The report is from Kenya's National Treasury. Kenya's debt to China decreased slightly. In June, it owed China 735 billion shillings. By September, it was 696 billion shillings. This happened because Kenya paid back loans and because Kenya's money was strengthened. Kenya owed less money to some places but more to others. It owed 37 billion shillings less to certain countries, 64.6 billion shillings less to some banks, and 381 billion shillings more to groups of countries working together. It also owed a bit more to some suppliers. At the end of September, Kenya owed other countries 5.188 trillion shillings, about half of its total debt. Over those three months, Kenya paid other countries 88.2 billion shillings. Most of this, 64.5 billion shillings, was for the main debt. The rest, 23.7 billion shillings, was for interest. After China, the next countries Kenya paid the most were: [LIST] [*]The United States: 9.3 billion shillings [*]France: 4.8 billion shillings [*]Italy: 4.6 billion shillings [/LIST] Kenya paid more to China than to groups like the World Bank. Those groups got 25.9 billion shillings. Kenya also paid China more than it paid to banks it borrowed from. The Treasury's report shows who Kenya paid and how much. China got the biggest share of the payments. [/QUOTE]

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