Tag: Kenya
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China and Kenya Pledge to Upgrade Ties, Oppose Tariffs
China and Kenya agreed on Thursday to boost ties to a new level and oppose trade barriers, following talks between President Xi Jinping and his Kenyan counterpart, William Ruto, in Beijing. Relations between Beijing and Nairobi will be upgraded to a ...
China Eyes Strategic Role in Kenya’s Port Privatization Plans
As Kenya revives plans to privatize the management of its key ports in Mombasa and Lamu through public-private partnerships, China is quietly positioning itself for a larger role in the country’s maritime infrastructure. The China Communications Construction Company (CCCC), ...
Stanbic Bank Kenya Unveils New Measures to Boost Trade With China
Stanbic Bank Kenya, a subsidiary of Standard Bank — Africa's largest bank by assets, announced a series of initiatives aimed at fostering closer commercial ties between Kenya and China. Among the key announcements at the Chinese Economic Forum held ...
New Deal Revives Kenya’s Standard Gauge Railway
Kenya’s dream of expanding its Chinese-built Standard Gauge Railway (SGR) to the Ugandan border could be coming to fruition. A funding deal for the third phase of the railway project was announced following a trip to China by the country’s Finance Minister John Mbadi.
Africa, China, and Trump’s World-Spanning Gamble on Foreign Assistance
The Trump administration’s decision to halt and review U.S. foreign assistance to developing countries instantaneously turned the United States from many countries’ biggest helper into their biggest problem. In the process, he kicked off a massive experiment. The research question ...
Kenyan Using Chinese Tech Retrofitting Old Cars Into EVs
Chinese car brands are steadily making their way into the African market, but it’s still early in the process, so it will take several years, at least, for these companies to build a sizable customer base. Meanwhile, these brands' advancements in electric vehicle (EV) technology are ...
Gautam Adani Pulls Out of Sri Lanka Port Deal Meant to Counter China
The controversial Indian billionaire Gautam Adani has withdrawn from a loan deal with a U.S. government agency for a port terminal in Sri Lanka, aimed at expanding operations at the country’s Colombo port while countering Chinese influence in the region. Adani was ...
What’s on WeChat: Stop Misleading People About What It’s Like For Chinese Entrepreneurs in Africa
A post by longtime Africa WeChat commentator Xiao Nie (小聂说事儿) is sparking a lot of discussion in Chinese development circles about the current conditions facing Chinese expatriates in Africa. Xiao Nie is well-known for his blunt "tell it like it is" writing style, which he's picked up ...
Africa Has Other Friends if Trump Won’t Work With It: Kenya’s AU Candidate
By Dylan Gamba Kenya's candidate for the top job at the African Union said Saturday that if U.S. President-elect Donald Trump does not want to work with Africa, the continent has "other friends." Raila Odinga, ...
Stymied in the West, Chinese EV Brands Look to Expand in Africa
Just over a million new vehicles were sold in Africa last year, a relatively small number given the continent's enormous population, estimated at 1.5 billion. Chinese auto brands are looking at that discrepancy and think it provides a unique opportunity for ...
Details of Kenya’s New Chinese Loan Emerge
Kenya will use a new loan from China to advance work on 16 different road projects, said a senior Treasury official. Kenya signed a new $279 million loan agreement with China Development Bank on the sidelines of the Forum on China-Africa Cooperation in September. ...
[WEEK IN REVIEW] Illegal Chinese Miners in Ghana Have Been Warned
China's new ambassador to Ghana, Tong Defa, spoke out forcefully this week to condemn the ongoing problem of illegal mining in the country and issued a fresh warning to his compatriots that if they are caught breaking the law, the embassy ...