Category: Economy
Finally, Some Good News For Kenya’s Embattled Standard Gauge Railway
While Kenya struggles to repay billions of dollars of loans to the China Exim Bank used to build the Standard Gauge Railway (SGR), the government is getting a badly-needed boost from higher cargo and passenger volumes. Kenya Railways this week reported ...
FOCAC 8 Preview: The Trade Agenda
Trade issues are widely expected to top the agenda at next week's Forum on China-Africa Cooperation ministerial conference in Dakar. African countries will be looking for China to further widen its market to agricultural and processed raw materials and China is ...
Kenyan Labor Union Calls For Employees of a Chinese State-Owned Contractor to Strike, Police Arrest 5
Members of the Kenya Ceramics Tiles, Wood Ply, and Interiors Designers Workers Union have gone on strike to protest working conditions at construction sites run by the China State Construction Engineering Cooperation (CSCEC). The union submitted a list of 11 grievances (photo) against the company that ...
FOCAC PERSPECTIVES: Appeals For More People-to-People Ties and For Mutual Respect Between Chinese and Africans
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...
A Chinese Province Seeks to Make Inroads in the Kenyan Market
While U.S. Secretary of State Antony Blinken was visiting Kenya last week, a low-key B2B trade show was taking place nearby in Nairobi's Sarit Exposition Centre. It would probably have been worthwhile for the Secretary and his entourage to check it out.
WEEK IN REVIEW: China Announces Strong African Trade, FDI Data in the Run Up to FOCAC
Two-way China-Africa trade reached $185.2 billion in the first nine months of the year, according to new data provided by Chinese Vice Commerce Minister Qian Keming. At this pace, the two regions will easily surpass last year's total of $187 billion. Chinese investment in Africa during the same period increased ...
FOCAC 8 Preview: The Economic Agenda
This year's Forum on China-Africa Cooperation (FOCAC) conference will take place amid considerable uncertainty in the global economy and profound economic changes underway in China. As such, it's widely expected that the outputs from the upcoming forum will be very different ...
China Will Import More Goods From Africa to Address Trade Imbalances, Says Commerce Vice Minister
The Vice Minister of China's powerful Commerce Ministry, Qian Keming, said Beijing will open its market to more African goods in an effort to redress the severe trade imbalances that China maintains with most African countries. Qian ...
FOCAC PERSPECTIVES: Because of Everything That’s Going on in the World Today, Africa Will Actually Have More Leverage at FOCAC
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...
Lots Going on This Week in the China-Kenya Business Development Space
A new Kenya-China Chamber of Commerce (KCCC) launched this week in Nairobi to help foster closer ties between the local Chinese business community and Kenyan stakeholders. The new group will be led by the Nairobi business executive Tim Chen, who said the main purpose of the group is ...
China Reaffirms Commitment to Redistribute Its Share of the IMF’s New Special Drawing Rights
China's top diplomat for sub-Saharan Africa, Wu Peng, tweeted on Tuesday that Beijing remains committed to redistributing its share of the International Monetary Fund's recent issuance of $650 billion in new so-called "Special Drawing Rights" (effectively the currency of ...
This Year’s FOCAC Should Focus on Development Projects That Are Both Economically and Environmentally Sustainable
Every day leading up to the Forum on China-Africa Cooperation conference on November 29th and 30th, CAP will feature perspectives from journalists, academics, activists, and business leaders about what they hope will emerge from the FOCAC event in Dakar. If you ...







