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Chinese Construction Projects in Kenya Stall Amid Worsening Economy
For Kenya, repaying its loans sustainably is now a matter of concern since the country’s currency is devaluing fast in what the Central Bank said is “adjusting from policy mistakes”.
Kenyan technician installs a Chinese-made solar panel in Nairobi that makes up some of the 80% of renewable energy generated in the East African country each year. LUIS TATO / AFP
A beauty salon in a small southern Kenyan town is dimly lit by a few lights. There’s no streetlighting here in Mtito Andei, so those lights are how customers make their way. The salon’s owner is Rehema Yusuf, a mother of three. A few years ...
Chinese Construction Projects in Kenya Stall Amid Worsening Economy
For Kenya, repaying its loans sustainably is now a matter of concern since the country’s currency is devaluing fast in what the Central Bank said is “adjusting from policy mistakes”.