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Kenya Launches Construction on New Chinese Rail Project

Kenyan President William Ruto officially inaugurated construction on a new meter-gauge light rail line on Friday. The 12.5-kilometer project will connect with existing lines to link the Nairobi neighborhoods of Riruta and Ngong. It is being built by China Road and Bridge ...

China Could Fund Kenyan Rail Through Public-Private Partnership: Kenyan President

Kenyan President William Ruto renewed his calls for China to fund the third stretch of the country’s Standard Gauge Railway (SGR). Speaking at a roundtable event in Nairobi during the weekend, Ruto said the project is currently being discussed in Beijing and could move forward as a public-private partnership. ...

Kenya’s Rapidly Devaluing Currency Pushes Up Debt Servicing Costs, Particularly to China

The cost to repay Kenya's dollar-denominated loans is getting more expensive, literally by the day. The National Treasury reported that the plunging value of the shilling since the beginning of the year has increased the cost to service dollar-denominated loans by ...

WEEK IN REVIEW: Vietnamese Officials Preparing for Chinese President Xi Jinping Visit Next Week

Vietnamese officials are preparing for Chinese President Xi Jinping to visit Hanoi next Tuesday and Wednesday, well-placed sourced told Bloomberg. This will be Xi's first trip to Vietnam since 2017 and follows Hanoi's recent upgrade of diplomatic ties with both the U.S. and Japan. (BLOOMBERG) ...

How COP28 Could Benefit From an Indonesia-China Bloc

The world's foremost governmental climate summit kicks off next week, in what is wrapping up to be the hottest year on record. The 28th United Nations Climate Change Conference, or Conference of the Parties (COP28), opens on November 30 in Dubai. ...

Huawei Expands Digital Power Products With New Distribution Deal in East Africa

The Chinese technology giant Huawei, once known only for phones and switches, is now pivoting quickly in East Africa to expand beyond telecommunications to new energy storage services in a new, rapidly expanding market. Huawei signed a distribution deal last ...

Kenya Wildly Overpaid for Chinese-Built Railway: Politician

As increased debt payments eat into Kenya’s budget, the business executive and 2022 presidential contender Jimi Wanjigi alleges that the country overpaid by more than 100% for the Standard Gauge Railway. The controversial project, built by China Road and Bridge Corporation, has ...

Kenyan-Chinese Smartphone Assembly Plant Debuts

Kenyan President William Ruto launched the country’s first smartphone assembly plant earlier this week. Located in a town outside of Nairobi, the East Africa Device Assembly Kenya plant is a joint venture between Kenyan telecom companies Safaricom and Jamii and the Chinese mobile device dealer Shenzhen TeleOne Technology. ...

Kenya’s President Didn’t Go to China to Get New Loans, Says Finance Minister

Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...

Africa’s Strong Presence at China’s Belt & Road Forum

Five of the 24 heads of state who attended this week's Belt and Road Forum in Beijing were from African countries, highlighting the prominent role the continent played at the event. Many of the themes ...

Xi Meets with Kenyan, UN, Nigerian Leaders

Chinese President Xi Jinping had another flurry of high-level meetings on the sidelines of the Belt and Road Forum on Wednesday. During his meeting with Kenyan President William Ruto, Xi pledged further support for investment in Kenya, as well as cooperation in ...

Kenya’s President Appeals to Chinese Investors to Finance Railway Extension to Ugandan Border

Kenyan President William Ruto issued a direct appeal to Chinese investors to finance the extension of the Standard Gauge Railway (SGR) to the Ugandan border. The president explained that completing this last portion of the railway would unlock significant economic opportunities throughout ...
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