Country: Kenya
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China Could Fund Kenyan Rail Through Public-Private Partnership: Kenyan President
Kenyan President William Ruto renewed his calls for China to fund the third stretch of the country’s Standard Gauge Railway (SGR). Speaking at a roundtable event in Nairobi during the weekend, Ruto said the project is currently being discussed in Beijing and could move forward as a public-private partnership. ...
Kenya’s Rapidly Devaluing Currency Pushes Up Debt Servicing Costs, Particularly to China
The cost to repay Kenya's dollar-denominated loans is getting more expensive, literally by the day. The National Treasury reported that the plunging value of the shilling since the beginning of the year has increased the cost to service dollar-denominated loans by ...
WEEK IN REVIEW: Ethiopia Debt Update | China @COP28 | Chinese Energy Projects in Africa
Ethiopia is the latest African country that is now teetering on the verge of default after the government announced this week that it would not be able to make a $33 million bond payment. Eric speaks with Mark Bohlund, a senior ...
WEEK IN REVIEW: Vietnamese Officials Preparing for Chinese President Xi Jinping Visit Next Week
Vietnamese officials are preparing for Chinese President Xi Jinping to visit Hanoi next Tuesday and Wednesday, well-placed sourced told Bloomberg. This will be Xi's first trip to Vietnam since 2017 and follows Hanoi's recent upgrade of diplomatic ties with both the U.S. and Japan. (BLOOMBERG) ...
China Cuts Tariffs for Six African Countries
China’s customs authorities announced that goods from six least-developed African countries will be exempt from tariffs. 98% of imports from Angola, Gambia, the Democratic Republic of Congo, Madagascar, Mali, and Mauritania will be affected. (XINHUA)
Chinese Technology Paves the Way for Affordable Electric Vehicles in Kenya
The HK-EV car is retailing for $5,000 and the only upgrade will be a solar panel that can be glued to the roof of the car instead of the current one which is bulky and causes some drag while driving.
Huawei Expands Digital Power Products With New Distribution Deal in East Africa
The Chinese technology giant Huawei, once known only for phones and switches, is now pivoting quickly in East Africa to expand beyond telecommunications to new energy storage services in a new, rapidly expanding market. Huawei signed a distribution deal last ...
Kenya Wildly Overpaid for Chinese-Built Railway: Politician
As increased debt payments eat into Kenya’s budget, the business executive and 2022 presidential contender Jimi Wanjigi alleges that the country overpaid by more than 100% for the Standard Gauge Railway. The controversial project, built by China Road and Bridge Corporation, has ...
Kenyan-Chinese Smartphone Assembly Plant Debuts
Kenyan President William Ruto launched the country’s first smartphone assembly plant earlier this week. Located in a town outside of Nairobi, the East Africa Device Assembly Kenya plant is a joint venture between Kenyan telecom companies Safaricom and Jamii and the Chinese mobile device dealer Shenzhen TeleOne Technology. ...
Assessing the Impact of Chinese Media Influence in Africa
China's media presence in Africa is far more pervasive today than it was a decade ago, but not in the conventional way. Very few people consume China's traditional media offerings on the continent but millions, often unaware, engage with Chinese-produced messaging ...
Kenya’s President Didn’t Go to China to Get New Loans, Says Finance Minister
Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...
Africa-China Meetings Give Glimpse of Next Year’s FOCAC Agenda
Officials from 53 African countries and the African Union Commission are meeting in Beijing this week to discuss the implementation of goals agreed at the 2021 Forum on China-Africa Cooperation (FOCAC) Summit in Dakar. The 16th Senior Officials Meeting brings together about ...