Chinese firm demands billions of shillings from Kenya before handing over railway project

Aug 12, 2021

Nairobi [Kenya], August 12 : A Chinese firm demanded billions of shillings in pending bills that Kenya borrowed to build the modern railway line...

China may seize Kenyan asset amid mounting debts

Oct 22, 2022

Nairobi [Kenya], October 22 : Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its...

Pitfalls of Chinese investments in Sri Lanka

Feb 28, 2023

China's external lending and even private corporation's activities abroad are dictated by political considerations. Its foreign investment has become a tool for buying geopolitical...

Chinese firms face public outrage in Kenya over discriminatory behaviour

Aug 12, 2022

Hong Kong, August 12 : Several Chinese firms have been facing severe backlash in Kenya over corrupt practices and discrimination against the Kenyans especially...

China fines Kenya Sh1.31 billion for defaulting on railway loans

Oct 14, 2022

Nairobi [Kenya], October 15 : Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided...

Kenya faces uncertain future amid cheap influx of Chinese goods

Mar 30, 2022

Nairobi [Kenya], March 30 : Kenya is facing an uncertain future amid the cheap influx of Chinese goods as handmade kitchen products, which are...