Kenyan President William Ruto will be travelling to China later this month to seek a $1bn (£820m) loan to pay for stalled road projects, his deputy Rigathi Gachagua has said.
Mr Gachagua told local-language Inooro FM radio that many contractors had abandoned projects around the country as they were not getting paid for their work.
He said while Kenya was already heavily in debt to China, the president would ask for an extra $1bn while seeking a longer repayment period for the money that is already owed.
He said the president would tell the Chinese that “we admit we owe you money, can we talk so that you add more time, we pay more slowly, and can you add some little more money to finish building our roads?”.
Kenya owes China more than $8bn from loans mostly contracted during the former government under President Uhuru Kenyatta for infrastructure projects.
The deputy president addressed the issue of extravagance by government officials, saying it was the reason the president had ordered a curb on foreign trips.
Earlier this week, the presidency banned public officials from taking non-essential trips abroad to cut spending and has ordered all ministries to cut their budget for the next financial year by 10%.
The government has been accused of unnecessary spending amid complaints by many Kenyans over the rising cost of living and tax hikes put in place by the government.
Latest Stories
-
UniMAC to host public forum on democracy and communication
18 mins -
Expired Rice Scandal: Ablakwa slams Lamens Company for “Criminal” acts
30 mins -
Avoid the use of vituperative expressions in your campaigns – NCCE
37 mins -
No petroleum revenue allotment to industrialisation in first half of 2024 – PIAC report
44 mins -
Baba Sadiq motivated me to vie for MP position – Okraku-Mantey
1 hour -
“Black Stars failure to qualify for AFCON 2025 a big blow” – Ibrahim Tanko
1 hour -
NPP’s campaign is going very well – Nana Akomea
2 hours -
Employees must file annual income tax returns – Ghana Revenue Authority
2 hours -
Does the Police law empower police to run a broadcasting service?
3 hours -
GFA dissolves Black Stars Management Committee after AFCON qualification disappointment
3 hours -
The Thomas Partey Tournament: Empowering Ghana’s Youth through football
3 hours -
Nana Akomea calls for public inquiry into ‘expired rice’ saga
4 hours -
Maintain Otto Addo despite AFCON 2025 no-show – Nana Akomea advises GFA
4 hours -
GFA issues apology to Ghanaians for Black Stars failure to qualify for AFCON 2025
4 hours -
Nautyca releases new single ‘Nalani’
4 hours