By PSCU Beijing — Kenya expects to get significant funding from China for major infrastructure projects, which are part of the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiative. The hopes of Kenya and other nations were raised when Chinese President Xi Jinping announced that his country will cobble together a...
November 9, 2026
Category: Market Bazaar
Post
President Mohamed reaches out to global financial agencies
Somalia’s President Mohamed Abdullahi Mohamed has appealed to foreign banks to ease restrictions on the country’s financial institutions to help it rebuild its economy. He said financial institutions in the country are struggling to access their external counterparts due to barriers set by the international community, despite the strides the country has made in ensuring...
Post
China pledges $124 billion for new Silk Road as champion of globalization
By Brenda Goh and Yawen Chen | BEIJING Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games. Xi used a summit on the...
Post
DP World marks start of concession in Somaliland
Dubai- Dubai-based DP World, a global trade enabler, has celebrated its 30-year port concession for the management and development of a multi-purpose port project at Berbera, Republic of Somaliland which started on March 2. President of the Republic of Somaliland, Ahmed Mohamed Mohamoud and DP World Group chairman and CEO Sultan Ahmed bin Sulayem were...
Post
East Africa: For Uganda and Ethiopia, It’s $200m Less in US Aid
By Allan Olingo, The East African Uganda and Ethiopia will be the biggest losers in the region in the US President Donald Trump administration proposal to do away with all funding through the development assistance account, instead channelling these monies towards economic assistance. According to a State Department budget document seen by The EastAfrican, the...
Post
USAID-DuPont Partnership helps hundreds of thousands of Ethiopian farmers transform production and livelihoods
ADDIS ABABA, Ethiopia, The U.S. Agency for International Development (USAID) and DuPont announced that the Advanced Maize Seed Adoption Program (AMSAP), a public-private partnership between USAID, DuPont and the Government of Ethiopia, exceeded its goal by 150 percent to boost maize productivity among smallholder farmers and increase food production for Ethiopian communities. As part of America’s Feed...
Post
Kenya: Meet Chandaria Industries oligarch who mints billions from recycled waste paper
By Lee Mwiti, Standard Digital When I meet Mahesh Chandaria 60, for the first time, nothing strikes me like meeting a manufacturing oligarch – Kenya’s own version of Andrew Carnegie or John D Rockefeller. The sole owner of Chandaria Industries Ltd is a shy, smiling, grandfatherly figure. He lacks the showy trappings of power and wealth...
Post
Eastleigh: Kenya’s global Somali hub
Street hawkers mill around following protests by shop owners that saw a lockdown of 1st Avenue, the heart of Eastleigh’s business hub and one of Nairobi’s thriving business centres. FILE PHOTO | NMG By PAUL GOLDSMITH For years, rural development dominated developing world economic discourse. Most of Africa’s population resided in the countryside and the agrarian...
Post
Tourism, Construction Drive Kenya’s Economic Growth
By Allan Olingo, The East Afrcian Kenya’s economy grew by 5.8 per cent in 2016 — the highest in five years — supported by a significant increase in tourism earnings and the ever-growing construction sector. Data from the Economic Survey 2017 — the primary source of official statistics — released April 19 showed a turnaround...
Post
Kenya: Election Violence Dampening Prospects of Economic Growth
By Peter Warutere The violence that has hit the primaries of Jubilee and Nasa is sending disturbing signals that are likely to dampen economic prospects. The political climate has diverted capital and labour, from productive engagement to political campaigns. Perception of a looming disaster is strong enough to influence rational investors to wait and see...