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...

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 spends USD 1 billion in a year to repay Chinese loans, burdening taxpayers

Jul 16, 2024

Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to...

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...

Chinese FM Wang Yi to visit African, Asian nations

Dec 30, 2021

Beijing [China], December 30 : Chinese Foreign Minister Wang Yi is set to visit Eritrea, Kenya and the Comoros from January 4 to 7.

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...