Country: Kenya
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Kenya’s Parliament Warned That Unpaid Debts to China Threaten Standard Gauge Railway Service
Kenya Railways is falling behind in its debt service payments for one of the country's new Chinese-built and financed Standard Gauge Railway lines, according to a new budget report submitted to the Kenyan parliament on Wednesday. In its fiscal year 2020-2021 ...
While the CCP is Viewed With Skepticism in the U.S. and EU, That’s Definitely Not the Case in Parts of Africa
Although China's ties with African civil society stakeholders have frayed considerably in recent months due to the ongoing COVID-19 outbreak, debt-related issues and, most notably, the lasting bitter taste over what happened in Guangzhou, Beijing's relations with Africa's governing class at both the state and ruling-party levels ...
While Kenyan Parents Worry About Their Kids’ Schooling During Lockdown, the Country’s Education Head Thinks This is a Good Time Talk About Everyone Learning Chinese
The topic of Mandarin language instruction is extremely sensitive in Kenya even during good times, so you can imagine the reaction that Education Chief Secretary George Magoha received this weekend when he hinted that Chinese language education would be included in the country's national curriculum known as ...
Tweet of the Day: Kenyan Economist David Ndii Highlights One of the Most Important Challenges in the Current China-Africa Relationship
Popular Kenyan economist David Ndii gave voice today to a widely-held perception among large swathes of African civil society that Chinese interests are much more aligned with the continent's governing elites than with those of everyday people. This hasn't been helped, ...
COVID-19: How Can China Help African Countries Have a Stake in the Race for a Vaccine?
Six months after the emergence of COVID-19 in Wuhan, China, the global effort to develop appropriate vaccines and treatments is continuing at a pace. The WHO report that there are now 125 candidate vaccines in development, including 10 in clinical evaluation. In recent weeks, there has ...
Debt Relief in Africa: A Conversation With Renaissance Capital’s Charlie Robertson
Ethiopian Prime Minister Abiy Mohamed was among the first African leaders to issue an urgent appeal for debt relief back in March even before COVID-19 had become a serious public health issue on the continent.“COVID-19 poses an existential threat to the ...
2+ Months Into the COVID-19 Economic Crisis in Africa and Still No Word on Debt Relief
It's been more than two months since Ethiopian Prime Minister Abiy Ahmed warned in a letter to G20 leaders that African countries face an "existential threat" from the economic crisis brought on by the COVID-19 outbreak. Since ...
KTN’s Mike Gitonga: “The SGR Has Had Scandals Right From the Word Go”
KTN News presenter Mike Gitonga discussed The Standard's reporting on the escalating SGR scandal in his morning "Press Review" segment on Monday. Gigtonga cited years of "fraud" and "malpractice" allegedly committed by the Chinese operator CRBC and its subsidiary AfriStar.
Kenya Railways Dismisses Efforts to Cancel Contract With the Company’s Chinese Partner
Kenya Railways downplayed reports that it will be forced to cancel its contract with the Chinese-run AfriStar, a subsidiary of the Chinese state-owned enterprise China Road and Bridge Corporation (CRBC), that currently operates the country's Standard Gauge Railway, according to The Standard newspaper.
In a Dramatic Move, Kenya’s Solicitor General Wants to Terminate the SGR’s Contract With Its Chinese Operator
Solicitor General Kennedy Ogeto is calling for the immediate termination of Kenya Railways's contract with the Chinese-owned Africa Star Railway Operation Company, two years ahead of the agreement's scheduled review date. Ogeto's move is apparently motivated by lower than expected revenue ...
Background: What Does Kenya Owe? And to Whom?
While there's widespread concern in Kenya about the country falling prey to a Chinese "debt trap," the reality is that Kenyans should be far more concerned about the consequences of failing to repay private creditors than the small Chinese portion of its national debt. ...
With No Debt Relief Deal in Place, Africa’s Economic Crisis Worsens by the Day
The cost of borrowing for many African governments is rapidly rising as the economic crisis on the continent worsens. While the double-digit yields on African bonds is great news for investors looking for new growth opportunities, it's an absolute tragedy for governments who are forced to divert even ...