Tag: Kenya
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Kenya Cuts Dollar Debt After Converting Chinese Loans to Yuan
The Kenyan government is moving quickly to diversify its debt portfolio to reduce its reliance on dollar-denominated loans, with the total amount of outstanding USD debt falling 8.5% year-on-year to just 53.2%, according to new National Treasury data. A big reason ...
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Construction Restarts on Kenya, China’s Standard Gauge Railway
Construction has resumed on Kenya’s Standard Gauge Railway, following a long pause due to debt woes. The Kenyan government has announced a new agreement with Chinese financiers and contractors that will see the completion of the two final phases of the landmark cross-frontier railway system. ...
Han Zheng Heads to South Africa for High-Level Bilateral Talks
Chinese Vice President Han Zheng is in South Africa this week to co-chair the ninth South Africa-China Bi-National Commission with Deputy President Paul Mashatile in Cape Town, part of a three-country African tour that also includes Kenya and Seychelles. South Africa’s government ...
Kenya Finalizes China Trade Deal as Ruto Pushes Export Access
Kenya says it has finalized negotiations on a bilateral trade deal with China that will give 98% of Kenyan exports duty-free access to the Chinese market, a move President William Ruto says will help narrow a trade relationship long tilted toward Beijing. ...
Kenya Revives Railway Extension After 6-Year Stall by China Funding Cuts
By Duncan Miriri Kenya will on Thursday restart a multi-billion-dollar railway extension that was financed through revenue securitization, reviving a project that has been stalled for over six years after initial lending from Beijing dried up. The ...
Foreign Ministers Badr Abdelatty of Egypt, Prince Faisal bin Farhan Al Saud of Saudi Arabia, Ishaq Dar of Pakistan and Hakan Fidan of Turkey meet to discuss regional de-escalation, amid the U.S.-Israel conflict with Iran, in Islamabad, Pakistan, March 29, 2026. Muammer Tan/Turkish Foreign MinistryHandout via REUTERS
By Francesca Daniele On March 11, 2026, the United Nations Security Council adopted Resolution 2817. Proposed by Bahrain and backed by fellow Gulf Cooperation Council (GCC) countries as well as Jordan, the resolution condemns “in the strongest terms” Iran’s “egregious attacks” against Gulf ...
Kenya Cuts Dollar Debt After Converting Chinese Loans to Yuan
The Kenyan government is moving quickly to diversify its debt portfolio to reduce its reliance on dollar-denominated loans, with the total amount of outstanding USD debt falling 8.5% year-on-year to just 53.2%, according to new National Treasury data. A big reason ...
Construction Restarts on Kenya, China’s Standard Gauge Railway
Construction has resumed on Kenya’s Standard Gauge Railway, following a long pause due to debt woes. The Kenyan government has announced a new agreement with Chinese financiers and contractors that will see the completion of the two final phases of the landmark cross-frontier railway system. ...
Han Zheng Heads to South Africa for High-Level Bilateral Talks
Chinese Vice President Han Zheng is in South Africa this week to co-chair the ninth South Africa-China Bi-National Commission with Deputy President Paul Mashatile in Cape Town, part of a three-country African tour that also includes Kenya and Seychelles. South Africa’s government ...
Kenya Finalizes China Trade Deal as Ruto Pushes Export Access
Kenya says it has finalized negotiations on a bilateral trade deal with China that will give 98% of Kenyan exports duty-free access to the Chinese market, a move President William Ruto says will help narrow a trade relationship long tilted toward Beijing. ...
Kenya Revives Railway Extension After 6-Year Stall by China Funding Cuts
By Duncan Miriri Kenya will on Thursday restart a multi-billion-dollar railway extension that was financed through revenue securitization, reviving a project that has been stalled for over six years after initial lending from Beijing dried up. The ...
Senior Kenyan Diplomat Visits Beijing as Nairobi Deepens Development Talks With China
Kenya's Principal Secretary for Foreign Affairs, Korir Sing'Oei, is in Beijing this week for talks with senior Chinese development and finance officials. Sing'Oei's first stop on Monday was at the headquarters of the China-Africa Development Fund, where he met with senior ...
What Did Wang Yi Accomplish on His Low-Key Africa Tour?
While global attention was fixed on the fallout from U.S. intervention in Venezuela and rising tensions between Washington and Tehran, Chinese Foreign Minister Wang Yi quietly toured three African countries in a notably low-profile visit. ...
China Offers Extensive Free-Trade Deal to Kenya
Kenya has secured zero-duty access for almost all its exports to China in a preliminary deal, its trade minister said Thursday, as Nairobi seeks to offset the impact of higher U.S. tariffs. The Kenya-China deal aims to diversify the East African ...
Kenya Launches $1.5 Billion Road Project With Chinese Firms
Kenya on Friday launched a $1.5 billion road expansion project financed by Chinese firms, including a state-owned company. Beijing is among Kenya's top five development lenders, with Nairobi owing China some $4.7 billion, according to official 2025 data. ...
Kenya’s Chinese Debt Swap Comes With a Hidden Currency Risk
The Kenyan Treasury last month announced a breakthrough in its years-long effort to restructure billions of dollars still owed to the China Exim Bank that were used to build the Standard Gauge Railway. The two ...
Chinese Companies Are Changing the Way They Operate in Africa
By Elisa Gambino and Costanza Franceschini For most of the past 25 years, Chinese construction companies operating in Africa could count on generous financial backing from Chinese banks. Between 2000 and 2019, Chinese funders committed almost $50 billion to African transport ...
African Countries Should Stop Being Questioned About Their Diplomatic Engagements
No nation should have to defend its right to choose its own diplomatic partners. Yet, in recent years, African countries have increasingly been called to account whenever those partners happen to be China or Russia. When President William Ruto of Kenya ...