Country: Kenya
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Nairobi Expressway Tolls Increase Before It’s Even Opened
Kenya’s new Chinese-built Nairobi Expressway is hiking its toll prices, even though it hasn’t opened yet. The government announced that motorists using the motorway will pay 350 Kenyan shillings ($3.03) more than previously announced, bringing the total toll to between 120 and 1,800 shillings ($1.04-$12.54), depending on the ...
Nairobi Expressway Will Be the Setting for This Year’s Nairobi City Marathon
Amid excitement and controversy, Kenya is celebrating the opening of its new Nairobi Expressway in the most Kenyan way possible: by running a marathon. It was recently announced that the new Chinese-built highway will be the scenic setting for this year’s Nairobi City ...
Chinese Lending Cut Makes Japan Kenya’s Largest New Lender
A sharp cut in Chinese lending to Kenya means that Japan now outpaces it in new lending to the East African country, according to new numbers released by the Kenyan Treasury. Compared to a height of $1.2 billion in 2016, Chinese lending to Kenya for the current fiscal ...
Report Debunking Kenya’s Mombasa Port Panic Leads to Debt Trap Reckoning from Press
African press outlets are reacting to a new report debunking the idea that China will seize Kenya’s Mombasa port in the event of a default on its Standard Gauge Railway loan. But the diversity of the reaction shows how snarled the issue of Chinese lending ...
Excitement Rising in Nairobi for Expressway Launch
Excitement is mounting in Nairobi in the runup to the formal commissioning of the Kenyan capital's new Chinese-built Nairobi Expressway. The online reaction ranges from praise for the highway as an expression of democracy, to angry refusals to participate in its automatic tolling system. ...
Nairobi Expressway Causes Controversies Amid Excitement
Even as Nairobi residents are buzzing with excitement about their new expressway, which will shave hours off cross-city commutes, the Chinese-built project is also raising popular jitters. Two recent controversies have highlighted the anxieties the project is raising about Chinese influence ...
New Report Kills off the Mombasa Port Seizure Conspiracy Theory
Kenya’s Standard Gauge Railway is now arguably the most controversial Chinese project in Africa, due to runaway rumors that debt from the notoriously opaque agreement will lead to the seizure of the port of Mombasa by Chinese banks. This controversy prompted Professor Deborah ...
Chinese Companies are Transforming the African Business Environment: Economist
While discussions of Africa-China engagement tend to focus on the government-to-government level, Chinese private companies are quietly transforming the African business landscape. So writes the noted Kenyan economist Anzetse Were, in a recent article for SupChina. She argues that the Chinese ...
WEEK IN REVIEW: Lockdowns in China are Directly Impacting Kenyan Traders
Kenyan traders report that the ongoing lockdowns in China are now directly impacting their bottom lines. “Yiwu supplies Kenya with 60 percent of goods that we get from China, however, the current restrictions on Shanghai imply that containers cannot get to the port for onward shipping to Kenya,” said James Kariuki, ...
Kenyan Presidential Hopeful Wants a “Green” Future with China
George Wajackoya, an outlier in Kenya's upcoming presidential race, is doubling down on his suggestion to pay off his country's towering infrastructure debt to China with marijuana. He urged Kenya to revolutionize its economic outlook by legalizing the cultivation of the plant: "Discovery of oil in ...
World Bank Surpasses China as Kenya’s Largest External Lender, Says New Government Report
The World Bank has replaced China as Kenya's largest external creditor according to a new Treasury report submitted to parliament this week. Kenya now owes the multilateral lender $10.4 billion compared to $6.9 billion due to Chinese creditors, namely the China ...
Chinese State Media: Kenyan Police Detain Terrorism Suspect Scoping Out the New Nairobi Expressway
Police in Nairobi have reportedly detained an individual on Sunday they suspect might have been scoping out the newly-built, soon-to-be-opened Nairobi Expressway to commit an act of terrorism. David Mulinge Kasimbi was allegedly caught in a restricted zone according to two ...