China has frozen disbursements of active loans to Kenyan projects in the wake of differences over Nairobi’s bid to extend debt repayment holiday to December.

Chinese-funded projects are facing a cash crunch, with contractors reporting delayed payments from banks like Exim Bank of China.

For more information, please see https://www.theeastafrican.co.ke/tea/business/china-halts-kenya-loans-amid-debt-reprieve-bid-3458526