$668m Nairobi Expressway run by state-owned China Road and Bridge Corp is a snapshot of how China engages with Africa
Daily average use in March was already 57,000 vehicles, exceeding a 2049 target of around 55,000 set by CRBC in a 2019 presentation on the project’s economic viability seen by Reuters.
Walk from freedom: South Africa’s ANC loses favour with voters as it suffers ‘Kanu moment’
When Tell Media caught up with Salat to shed light on such unedifying comparisons. He summed it up as “an abuse of trust by Kanu” that is being replicated all over Africa. According to Salat, Kanu has become a “case study in Africa for betraying the wretched of the earth.”
Presidency: Ruto and Gachagua inflaming ethnic hostilities in Kenya as their regions row over resources
As President William Ruto toured Washington DC with senior officials in the United States, including President Joe Biden, a coterie of officials in the president’s United Democratic Alliance – the main party in the governing Kenya Kwanza Alliance – were busy tearing into each and opening further the fault-lines in the Kenya government.
US ‘repays’ Kenya’s deployment of 1,000 security officers to Haiti with offers to ‘modernise’ police service
A $60 million grant from the Millennium Challenge Corporation will fund a four-year programme focusing on the transportation needs of underserved groups in Kenya, safer options for women and pedestrians, and climate-friendly public transportation.
US, Kenya launch ‘Nairobi-Washington Vision’ to enable ‘high-ambition countries’ to get cheap loans
China, the United States and other Group of 20 creditor countries set up the Common Framework for Debt Restructuring to help countries facing huge debt burdens during the pandemic, but the initiative has faced long delays. A senior US Treasury official said China – the largest official creditor – had taken some steps to aid debt-ridden countries, but more work was needed.
Biden heaps praise on Kenya’s President Ruto for ‘his bold leadership’ as White House marks state visit
Biden and Ruto are using the three-day state visit to Washington, in part, to call on economies around the globe to take action to reduce the enormous debt burden crushing Kenya and other developing nations.
With Kenya’s debt-to-GDP ratio at a staggering 70 per cent, Biden and Ruto review relief options from China’s loans trap
An analysis of a dozen countries most indebted to China – including Pakistan, Kenya, Zambia and Laos – found the debt is consuming an ever-greater amount of tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
US designates Kenya as major non-Nato ally as it deepens relations with East African nation
Kenya, like the United States, has become “an engine for innovation”, the official said, citing its $1 billion “Silicon Savannah” technology hub that is home to more than 200 startups spanning a range of sectors, including clean energy, microelectronics, financial technology, and e-commerce.
Ruto honoured with state visit for agreeing to deploy police to crime-ravaged, gang-infested Haiti
The United States for years has partnered with Kenya on counterterrorism efforts in Africa, including battling the extremist group al-Shabab. Kenya has participated in the Ukraine Defence Contact Group and an international maritime taskforce launched by the Biden administration in December in response to Houthi attacks against vessels operating in the Red Sea.
Kenya’s largest bank, KCB, announces first quarter pretax profit up 53 per cent
Net interest income rose to 31.06 billion shillings from 22.06 billion shillings. Gross loans increased 12.2 per cent to 1.13 trillion shillings, while loan-loss provisions stood at 6.3 billion shillings, up from 4.12 billion shillings.
