Country: Kenya
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StarTimes and DSTV Battle For Audiences in Africa’s Intensely Competitive Pay TV Market
One of the revealing aspects of Africa's pandemic-related downturn is that, while it's causing financial chaos across the continent this doesn't seem to be slowing the outside interest in certain African consumer sectors. Take TV, for example. For a long time, ...
Kenyatta Aims to Diversify Infrastructure Finance and Development Away From Dependence on China
Kenyan President Uhuru Kenyatta returned on Saturday from a four-day trip to France loaded with $165 million (Sh17.91 billion) of new concessional loans, grants, and various other financing agreements for health and infrastructure development initiatives. The president signed ...
Finding New Ways to Finance African Infrastructure
Kenyan President Uhuru Kenyatta looked like he had a great time in France last week. After all, the weather in Paris this time of year is absolutely lovely and this being his first trip out of the country since the COVID-19 outbreak, he was able to get ...
Letter to the Editor: Why China Will NOT Seize the Port of Mombasa if Kenya Defaults on SGR Debt
Hi Eric, Just caught this statement [in your September 28 column "China Faces a Critical Test": "And let’s not forget that, should Kenya Railways default on the Nairobi-to-Mombasa SGR loan, there's always the Port of Mombasa that serves as collateral"] ...
Challenging Pax Americana: The Commercial Imperative in Chinese Arms Exports To Africa – a Case Study of Uganda and Kenya
Professor Elijah N. Munyi from United States International University in Nairobi is a leading scholar in U.S.-Africa policy, with particular expertise in military relations. Professor Munyi published a working paper this week that coincided with his participation in the China-Africa Research Initiative's annual conference that ...
African Leaders Renew Calls for Urgent Debt Relief and Financial Assistance
Leaders from several of Africa's largest countries including South Africa, Kenya, and Ethiopia renewed their urgent appeals on Tuesday for debt relief, debt cancellation, and immediate financial assistance from the international community to help support economies across the continent ...
Tanzanian Official Publicly Mocks Kenya For Taking Huge Loans From China to Build the Standard Gauge Railway
A video of an unnamed Tanzanian official mocking Kenya for borrowing so much money from China to build the Standard Gauge Railway went viral in East Africa this week. "I do not want to mention ...
COVID-19’s Unanticipated Outcomes
The recent announcement that Zambia will default on several of its Eurobond notes, and the indication from ratings agencies that several other African countries are in similar danger are just the latest indicators of how the economic crisis kicked off by the pandemic is impacting African economies. ...
QZ Africa Editor Yinka Adegoke on the Current State of China-Africa Relations
There've been major developments over the past week in the African debt crisis. It appears that Angola and China reached a consensus on how to restructure the estimated $20 billion of loans that Luanda owes Beijing. This deal then paved ...
Letter to the Editor: Defending the Interests of Africa’s Private Creditors
Hi Mr. Olander, I work as a sovereign credit analyst at a private buy-side financial firm - I research the Sub-Saharan (and Middle East/North Africa) regions, and as such your content enriches my understanding of the countries in which we invest. ...
Is Default the Next Step for Kenya’s Embattled Standard Gauge Railway?
The Chinese-financed and built Standard Gauge Railway is losing money at an unsustainable rate of $9.2 million per month prompting renewed calls in parliament for the State House to renegotiate the $3.2 billion of loans used to construct the Nairobi to Mombasa ...
China Faces a Critical Test in Kenya
Kenya's difficulties in servicing its debts for the newly-built, Chinese-financed Standard Gauge Railway (SGR) is nearing a breaking point. Even before the COVID-19 outbreak, the railway failed to meet passenger and cargo volume targets and now the economic downturn brought on by the ...