Country: Kenya
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Kenya Cuts Dollar Debt After Converting Chinese Loans to Yuan
The Kenyan government is moving quickly to diversify its debt portfolio to reduce its reliance on dollar-denominated loans, with the total amount of outstanding USD debt falling 8.5% year-on-year to just 53.2%, according to new National Treasury data. A big reason ...
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China Is Helping Build Africa’s Cities, but Its Approach Sidelines Local Urban Planners and Residents
By Ding Fei As African cities experience some of the fastest urban growth rates in the world, China has become a major bilateral financier for urban infrastructure. From Nairobi’s elevated expressways to Lagos’s airport upgrades and Addis Ababa’s ...
China’s Zero-Tariff Promise to Africa Masks a Deepening Trade Imbalance
In a message to African heads of state gathered in Addis Ababa for the African Union's 39th summit last February, Xi Jinping announced that beginning May 1st, China would implement a “zero tariff” policy for the 53 African countries with which it has diplomatic relations. The message ...
Construction Restarts on Kenya, China’s Standard Gauge Railway
Construction has resumed on Kenya’s Standard Gauge Railway, following a long pause due to debt woes. The Kenyan government has announced a new agreement with Chinese financiers and contractors that will see the completion of the two final phases of the landmark cross-frontier railway system. ...
China’s Economic Relationship With Africa Is Entering a New Phase
Chinese Vice President Han Zheng was in Kenya this week, where he oversaw the first shipment of agricultural products that will enter the Chinese market duty-free. There's a lot of excitement across the continent about China's removal of all import tariffs ...
A coil of copper rod sits on the production line for copper flat wire at the Wellascent factory in Ganzhou, Jiangxi province, China August 14, 2025. REUTERS/Florence Lo/File Photo
By Andy Home A two-week ceasefire in the Iran war has dispersed some of the macroeconomic gloom enveloping the copper market, but there may be an even bigger problem for copper bulls. China, the world's largest user ...
