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Active Development AidData Chinese Aid

Chinese Government provides RMB 150 million interest-free loan — via ETCA — for unspecified purposes

¥150M RMB

Funder China Ministry of Commerce
Recipient Organization Government of Kenya
Country Kenya
Start Date May 10, 2014
End Date Dec 22, 2026
Duration 4,609 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 92531
Grant Description

Chinese Government provides RMB 150 million interest-free loan — via ETCA — for unspecified purposes On May 10, 2014, the Chinese Government and the Government of Kenya signed an Economic and Technical Cooperation Agreement (ECTA), which committed an RMB 150 million interest-free loan for unspecified purposes.

📋 Loan / Grant Terms
💰 Loan Amountcarries the following borrowing terms: a 10-year grace period
📅 Maturity19 years
⏳ Grace Period10 years
💹 Interest Rate0%

According to the Government of Kenya’s External Public Debt Register, the borrower made no principal repayments between July 1, 2020 and June 30, 2022 (Fiscal Year 2020-2021 and Fiscal Year 2021-2022).

The loan’s amount outstanding was RMB 8,530,000 as of June 30, 2020, RMB 8,530,000 as of June 30, 2021, and RMB 8,530,000 as of June 30, 2022.

📋 Staff Comments
  1. Given that the loan either fully or partially disbursed but it is not known how these loan proceeds were utilized, AidData has set the umbrella field to False.
  2. The loan identification number in the Government of Kenya’s External Public Debt Register is 2014010_1.
  3. The grace period of the loan is unknown. For the time being, AidData assumes a grace period of 10-years given standard borrowing terms for interest-free loans from MOFCOM include a 10-year grace period.
  4. The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0
📚 Sources & References
  • The National Treasury Public Debt Management Office Summary Statement 2021/2022
  • SUMMARY STATEMENT OF PUBLIC DEBT FOR 2020/2021FY IN FOREIGN CURRENCY Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees

Government of Kenya

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