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    Almonty and Rwanda form tungsten venture backed by US economic framework

    Almonty and Rwanda form tungsten venture backed by US economic framework

    Nairobi to host 2029 World Athletics Championships in African first

    Nairobi to host 2029 World Athletics Championships in African first

    International financial crime watchdog removes Senegal from ‘grey list,’ adds some others

    Senegal and Eni sign MoU to evaluate five offshore blocks

    Nigeria’s NLNG aims to start up Train 7 LNG project by end-2027

    Nigeria’s NLNG aims to start up Train 7 LNG project by end-2027

    Nigeria’s Dangote aims to end Africa’s fertiliser imports

    Nigerian billionaire Dangote launches oil refinery IPO, Africa’s biggest share sale

    The interpreter giving a voice to the deaf in Abidjan

    The interpreter giving a voice to the deaf in Abidjan

    Senegalese leader Bassirou Diomaye Faye denies rift with PM Ousmane Sonko

    Senegal’s President to meet IMF chief in Washington on September 15

    Ukraine says Niger’s move to cut relations is ‘regrettable’

    Niger appoints new Chief of Staff of Armed Forces after foiled mutiny

    Cameroon’s economic capital Douala wakes up underwater after heavy rains

    Cameroon’s economic capital Douala wakes up underwater after heavy rains

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    DRC on a mission to financing the world’s largest hydropower dam

    DR Congo: The INGA Dam Paradox

    Cameroon uncovers more than 200 illegal gold mines, mostly foreign-owned

    Mineral Beneficiation: A Pipedream of Prosperity in an Unequal Financial Architecture

    Zambia signs $1.1 Billion deal to build major oil refinery in Copperbelt

    Is Zambia’s Economy Rebounding Under President Hakainde Hichilema?

    Nigeria considers crude supply reforms to aid Dangote, other refiners

    Refinery rivalry: billion‑dollar oil projects expose East Africa’s long‑running regional tensions

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    African Finance Corp says Gabon political situation a ‘good coup’

    Why African countries must rethink how they grow their economies

    DR Congo says it will receive third-country deportees under new deal with US

    Beyond the Outbreak: How Ebola Reshaped East & Central Africa’s Economies

    What Happens After Dandora? Kenya’s Green Transition Faces Its Hardest Test

    What Happens After Dandora? Kenya’s Green Transition Faces Its Hardest Test

    African entrepreneurs work in challenging environments, and others may benefit from the skills they have developed

    African entrepreneurs work in challenging environments, and others may benefit from the skills they have developed

  • Studies
    China could drive Africa’s renewable energy revolution, report says

    A study shows wind and solar projects in Kenya and South Africa don’t always benefit the communities that host them

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Schooling is the most severely affected by conflict when children are the target – Study

    Schooling is the most severely affected by conflict when children are the target – Study

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    Benin government says armed forces foil coup attempt

    Coup contagion? A rash of African power grabs suggests copycats are taking note of others’ success

    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

  • Infographics
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    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Léon M’ba (1902-1967): First president of independent Gabon

    Léon M’ba (1902-1967): First president of independent Gabon

    Namibia to vote in toughest election yet for ruling party

    Netumbo Nandi-Ndaitwah: President of Namibia

    Ahmadu Bello (1910-1966): Nigerian statesman

    Ahmadu Bello (1910-1966): Nigerian statesman

    Cameroon President Paul Biya marks 41 years in power

    Paul Biya: President of Cameroon

    Al-Hajj Salim Suwari (fl. c. 13th–15th century): West African Soninke Islamic scholar

    Al-Hajj Salim Suwari (fl. c. 13th–15th century): West African Soninke Islamic scholar

    Strive Masiyiwa: Zimbabwean businessman and philanthropist

    Strive Masiyiwa: Zimbabwean businessman and philanthropist

    Diébédo Francis Kéré: Burkinabé-German architect

    Diébédo Francis Kéré: Burkinabé-German architect

    Herbert Wigwe (1966-2024): Nigerian banker and businessman

    Herbert Wigwe (1966-2024): Nigerian banker and businessman

  • History
    Lower Valley of the Omo, Ethiopia

    Lower Valley of the Omo, Ethiopia

    Sudano-Sahelian style mosques, northern Côte d’Ivoire

    Sudano-Sahelian style mosques, northern Côte d’Ivoire

    Taï National Park, Côte d’Ivoire

    Taï National Park, Côte d’Ivoire

    Medinas, the Historic Sultanates of the Comoros

    Medinas, the Historic Sultanates of the Comoros

    Aldabra Atoll, Seychelles

    Aldabra Atoll, Seychelles

    Le Morne Cultural Landscape, Mauritius

    Le Morne Cultural Landscape, Mauritius

    Mount Nimba Strict Nature Reserve, Guinea and Côte d’Ivoire

    Mount Nimba Strict Nature Reserve, Guinea and Côte d’Ivoire

    Sangha Trinational, north-western Congo Basin

    Sangha Trinational, north-western Congo Basin

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    Kasubi Tombs, Kampala, Uganda

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Home Regions East Africa

Kenya to ask for an extra $1bn loan from China

October 8, 2023
Kenya to ask for an extra $1bn loan from China
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Kenyan President William Ruto will be travelling to China later this month to seek a $1bn (£820m) loan to pay for stalled road projects, his deputy Rigathi Gachagua has said.

Mr Gachagua told local-language Inooro FM radio that many contractors had abandoned projects around the country as they were not getting paid for their work.

He said while Kenya was already heavily in debt to China, the president would ask for an extra $1bn while seeking a longer repayment period for the money that is already owed.

He said the president would tell the Chinese that “we admit we owe you money, can we talk so that you add more time, we pay more slowly, and can you add some little more money to finish building our roads?”.

Read also

Almonty and Rwanda form tungsten venture backed by US economic framework

Nairobi to host 2029 World Athletics Championships in African first

Senegal’s President to meet IMF chief in Washington on September 15

Kenya owes China more than $8bn from loans mostly contracted during the former government under President Uhuru Kenyatta for infrastructure projects.

The deputy president addressed the issue of extravagance by government officials, saying it was the reason the president had ordered a curb on foreign trips.

Earlier this week, the presidency banned public officials from taking non-essential trips abroad to cut spending and has ordered all ministries to cut their budget for the next financial year by 10%.

The government has been accused of unnecessary spending amid complaints by many Kenyans over the rising cost of living and tax hikes put in place by the government.

Source: BBC
Tags: ChinaKenyaWilliam Ruto

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