Kenya's forex reserves decline due to foreign debt repayments

Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9...

China-funded secret railway contract unearthed in Kenya: Report

The USD 4.7 billion rail project known as the Standard Gauge Railway starts from Kenya's coastal region, began five...

China may seize Kenyan asset amid mounting debts

Nairobi [Kenya], October 22 (ANI): Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan...

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

Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended...

Kenyan court declares USD 3.2 billion railway contract with...

Nairobi [Kenya], June 25 (ANI): A Kenyan appellate court has ruled that the USD 3.2 billion railway contract between...