Via Reuters, a report on Kenya’s decision to approach UAE for railway funding after China cut financing: Both sides to carry out feasibility study, Ruto says Kenya also finalising loan with UAE for budget support UAE says Kenya a gateway to East Africa Kenya has started discussions with the United Arab Emirates to secure financing […]
Read more »Via CNN, a report on the $1 billion ‘electricity highway’ comprising 650 miles of transmission lines that allow electricity to flow between Ethiopia and Kenya: Ethiopia and Kenya both embrace renewables for their electricity production. Ethiopia produces all the power for its national grid from renewable sources, and is home to the Grand Ethiopian Renaissance Dam, the […]
Read more »Via Bloomberg, an article on a possible option to help transport South Sudan oil: Oil company made Kenya discoveries more than a decade ago South Sudan’s exports have been held up by a broken pipeline Tullow Oil Plc’s delayed project to export oil from discoveries in Kenya by pipeline to the coast could be a […]
Read more »Via Bloomberg, a look at JPMorgan’s growing interest in Africa: US lender hires ex-central banker to run business in Kenya Ex-central banker Montet managed Kenya’s foreign reserves JPMorgan Chase & Co. opened representative offices in Kenya and Ivory Coast as part of an effort expand in east and west Africa. The biggest US bank has […]
Read more »Via Blooomberg, an article on how the U.S. ambassador to Kenya – the former eBay and HP CEO – has made a priority of counterbalancing Chinese influence on the continent: When Meg Whitman was living in California and running first eBay Inc. and then HP Inc., the idea that Africa had some role to play in her businesses rarely crossed […]
Read more »Via South China Morning Post, a report on a recently announced rail project in Uganda could have wide-ranging implications for neighbouring Kenya: A Ugandan construction deal could provide the impetus needed to see China hand over extra financing to a stalled rail project in Kenya, according to observers. On Monday last week, Uganda awarded Turkish construction firm Yapi […]
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