Tag: PPP
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African Deals Signed in Beijing Reveal Resurgence in China-Africa Relations
Kenya signed a $280.9 million loan agreement with China Development Bank to refurbish rural roads. The deal will tackle fifteen different road projects across the country. Kenya's Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, signed the agreement in Beijing late ...
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With China on the Sidelines, What’s Next for African Infrastructure Financing?
For much of the past two decades, China was among the largest sources of African infrastructure financing. But that is no longer the case. In his recent keynote address at the Forum on China-Africa Cooperation conference in Senegal, Chinese President Xi ...
Editorial: Nairobi Expressway Toll Deal With Chinese Contractor Risks Creating Another “White Elephant”
The Business Daily Editorial Board warned the government that the proposed toll road pricing scheme for the new 27km Nairobi Expressway jeopardizes the financial stability of the project and risks creating another "white elephant" like the embattled Standard Gauge Railway. The ...
Chinese Private Sector Engagement in Africa is Going to be Much More Important in 2021 And Beyond
Over the past several weeks, Chinese officials have convened a series of high profile forums with key African stakeholders in what appears to be an effort to lay the groundwork for next year's triennial Forum on China Africa Cooperation Summit (FOCAC) that is scheduled to take place ...
Many Kenyans Surprised and Somewhat Perturbed That the Chinese Contractor Building the Nairobi Expressway is Going to Make a LOT of Money
The China Road and Bridge Corporation (CRBC), a Chinese state-owned construction company, is forecast to earn almost a billion dollars in profits over the 27 years that it will operate the new Nairobi Expressway that's now under construction. Details of the ...
