China has cut fresh financial commitment to Kenya’s development projects by nearly four times in seven years, falling behind Japan on the list of top bilateral lenders to the East African nation for the second year running. The Treasury has in the budget estimates for the financial year starting July listed Japan as the largest source of bilateral loans and grants, leapfrogging China which has been the biggest financier for nearly a decade. Beijing is projected to lend Kenya Sh29.46 billion for the fiscal year 2022/23, a sharp cutback from Sh140.03 billion in the 2015/16 budget. That marks the…

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