Stanbic Bank Kenya is in discussions with the government on possible financing options to support the servicing of Kenya’s yuan-denominated debt following the conversion of part of the country’s Standard Gauge Railway (SGR) obligations into Chinese yuan. Those conversations are always ongoing,” Musau said when asked whether Stanbic had discussed options for servicing the yuan-denominated obligations with the government. The imbalance means Kenya may not generate enough yuan naturally through export earnings to meet all its yuan-denominated obligations. As a result, the government could rely on banks and other financial-market mechanisms to obtain the Chinese currency required for debt servicing. The re-denomination of the SGR debt is part of broader efforts by the government to manage foreign currency risks and reduce pressure on Kenya’s dollar reserves.