President William Ruto has spoken on the rising concerns over the alleged Chinese debt trap which some experts have warned is overburdening the country.
In an interview with CTGN, a Chinese media outlet, the president dismissed the notion of the Chinese debt trap.
According to Ruto, the country has several agreements with different lenders including the World Bank, the International Monetary Fund (IMF), and the European Union.
Ruto emphasised that the debt trap was a myth engineered by the media.
"There are myths, rumours, perception and then there is reality. The reality is that China is not our largest debt holder," Ruto stated.
The President added that Kenya and China have a win-win relationship meant to grow both economies.
"We are able to negotiate for ourselves what we think is fair and balanced to the people of Kenya and our partners," he added.
Ruto explained that Kenya was not looking to take advantage of other countries when taking loans.
In a report by the IMF, China accounts for 12 per cent of Africa's private and external debt. As of March Kenya owed the Asian country Ksh946 billion.
He also lauded China for the Standard Gauge Railway (SGR) that has eased transportation in Kenya.
The president revealed that he was in talks with neighbouring countries, to expand the SGR and connect more countries.
"It's quite an experience, for you to get a ticket you have to book a week in advance," Ruto stated.
