Tag: East Africa
Related Posts
World Bank Raises the Alarm About African Debt Distress (Again)
For the second time in a week, the World Bank has raised the alarm about mounting debt in Africa. A new blog post shows that not only has public debt in Southern and Eastern Africa doubled over the last decade, but the proportion of pricy private debt is also ...
India Wants to Replace China as Africa’s Preferred Construction Partner
Indian External Affairs Minister Subrahmanyam Jaishankar visited Kenya this week as part of New Delhi's ambitions to become a major development partner to Africa. Like the G7, Jaishankar wants to challenge China's dominance in the African construction market and position Indian contractors as a competitive, more sustainable alternative. ...
Uganda Announces Breakthrough Deal to Link Its Railway With Kenya’s SGR
The Ugandan government on Monday signed a $46 million (Sh5 billion) deal with the China Road and Bridge Corporation (CRBC) to revamp a 260-kilometer railway that will connect to Kenya's Standard Gauge Railway, making it possible for goods and passengers to travel directly from Kampala ...
Between the Cut in Chinese Lending and COVID, 2020 Was a Tough Year for East Africa’s Infrastructure Development
The financial crisis brought on by the COVID-19 pandemic combined with a curtailment in Chinese lending contributed to a 35% drop in the number of infrastructure construction projects in East Africa, and a 47% plunge in the value of those projects, according to Deloitte's ...
Kenya’s Embattled SGR Suffers Major Setback as Burundi, DRC Opt for Tanzania Route to Port of Dar es Salaam
Kenyan President Uhuru Kenyatta's longheld dream of extending his $4.9 billion Chinese-financed Standard Gauge Railway across East Africa suffered a major setback this week as both Burundi and the Democratic Republic of the Congo both opted to go with Tanzania's SGR for direct access to the port ...