Kenya’s debt repayments to China shoot to Sh73.5 billion
Kenya’s debt repayments towards China-funded infrastructure projects have more than doubled to a record Sh73.48 billion this financial year on the back of increased clearance of principal sums after the grace period lapsed.
Expenditure data published this week by the Treasury shows the amount repaid to Chinese lenders has surged 135.15 percent compared with...
Parts of North China experienced shortage of natural gas
Parts of North China have experienced a shortage of natural gas in what is blamed on the harsh winter season.
Experts also blamed the jump in prices to international price factors that have been on an all-time high in recent weeks.
International media quoted Ma Chenchen, writing in YICAI Global who...
Region to wait longer for a single currency
The East African Community has proposed another deadline for a single currency while expected to miss out on the 2024 deadline that was initially set by the heads of state upon signing the Monetary Union Protocol in 2013.
During the celebration of 23 years since the East African Community was revived after its collapse...
EABC urges Burundi government to waive covid-19 testing
The East African Business Council (EABC) Chief Executive Officer John Bosco Kalisa called on the Burundi government to waive COVID-19 testing for fully vaccinated passengers entering Burundi.
“This will boost tourism & trade and easing of forex bureau controls also the operationalization of Ruhwa one-stop border post will boost Burundi-Rwanda trade,” said the EABC...
EABC calls for the reopening of regional Air Space
The East African Business Council has called on the East African Community (EAC) Partner States to fast track opening of air transport services to boost regional trade, tourism and hospitality sectors.
In a statement released by the EABC, the Business Council said that it appreciates the measures by the EAC...
Mixed reactions over ‘curfew’ on bars in Bujumbura
Burundi’s President Pierre Nkurunziza backed the decision urging Burundians “to take drinks at home and share with their family members”. PHOTO| FILE.
Curfew on bars in Bujumbura have raised mixed reactions in citizens and
bar owners on the impact the measure is causing to the Burundian society and
the economy.
In November...
It’s not just Russia – China’s also contributing to higher inflation worldwide, report says
Russia is guilty of creating a food security crisis and higher energy prices through its war with Ukraine, but China has — under the radar — also taken actions in three areas that are exacerbating inflation worldwide, said the Peterson Institute for International Economics.
“Russia’s war in Ukraine has taken a shocking toll on the region,” wrote PIIE...
In Burundi not all celebrated Labor Day
The first of May every year is celebrated to pay tribute to workers, and Burundi Labor Day celebration will be done on Monday May 2nd according to the government’s communique.
With the celebrations expected to be marked with marching and showcasing different products produced in the country by companies and individuals, this year’s celebration...
Rare fumigant keeps Kenya’s avocados off Chinese market
The road to exporting avocados to China for Kenyan farmers appears not only to be too long and winded, but also very bumpy.
So lengthy is the road that after years of lobbying and six months since Kenya signed a deal with the Asian nation to export the produce, no fruit has left the...
Sanction lift against Burundi a boost for EAC-EU trade agreement
The East African Legislative Assembly Committee on Communications, Trade and Investment is meeting in Bujumbura to review the East African Community Customs Management Act 2004, to facilitate and ease the cost of doing trade/business in the community.
During the meeting the Director General of customs and trade at the East African Community Bagamuhunda Kenneth...