coronavirus

Kenya’s China dilemma: between foreign investment and dependency

While Kenya’s government is targeting Chinese investors to establish manufacturing plants in its special economic zones to boost exports, thousands of local traders have protested in the capital Nairobi against the ‘unfair” competition from Chinese traders. The government is offering Chinese investors a value proposition that the East African country is the premier investment destination […]

King Salman pardons Egyptians imprisoned in Saudi Arabia

King Salman of Saudi Arabia has pardoned and ordered release of a number of Egyptian citizens jailed in the kingdom as he headed to Egypt to attend the joint European Union-Arab League summit. The prisoners to be released failed to pay legally prescribed fines for violating residency rules, state-run news agency SPA reports. The agency […]

UK, Kenya to increase trade, spur UK’s FDIs in 2023

The United Kingdom is expected to make direct investments worth $10 billion in Kenya in 2023, but in order for the East African country to fully benefit from the Economic Partnership Agreement (EPA) signed between both states in 2022, it will also have to maintain and enhance market access conditions. Kenya’s Cabinet Secretary for Investment, […]