Stories

Why it matters: China is at the center of Kenya's debt crisis

Xi and Uhuru stand in front of a mural of birds in Beijing's Great Hall of the People
Kenya's President Uhuru Kenyatta visits President Xi Jinping in Beijing. Photo: How Hwee Young/Pool via Getty Images

China now owns more than 72% of Kenya's foreign debt, Quartz's Abdi Latif Dahir reports.

Why it matters: Kenya is one example of China's larger strategy to win influence across the world. Beijing accrues massive amounts of a smaller, poorer country's external debt by offering funding for infrastructure projects, then leverages that debt for influence in trade, domestic politics and beyond.