Showing posts with label SGR. Show all posts
Showing posts with label SGR. Show all posts

Thursday, October 9, 2025

Chinese Companies Are Changing the Way They Operate in Africa

 The Conversation published on 7 October 2025 a commentary titled "Chinese Companies Are Changing the Way They Operate in Africa: Here's How" by Elisa Gambino and Costanza Franceschini.  

China's state loans once powered the ability of Chinese companies to win construction contracts in Africa.  But the loans have declined significantly.  Since 2019, Chinese lenders have committed only $6 billion for the development of African infrastructure.  Yet, Chinese companies continue to expand their construction of infrastructure projects in Africa.  This article explains how.  

Kenya Swaps Dollar Payments to China for Yuan

 The Kenya Times published on 7 October 2025 an article titled "How Kenya Will Save Ksh 27 Billion Annually after Major Loan Deal with China" by Jason Ndunyu.

Kenya is converting repayment from US dollars to Chinese yuan of its $5 billion loan from the Export-Import Bank of China used to build the Standard Guage Railway from Mombasa to the outskirts of Nairobi.  This agreement is expected to save Kenya about $215 million annually in debt servicing costs.