Kenya falls short of cargo volumes in Chinese SGR loan terms
The Kenya Ports Authority (KPA) has fallen short of the minimum freight traffic it was supposed to supply the Standard Gauge Railway (SGR) in the last two years as part of the loan terms of the $3.6 billion (Sh435 billion) project.
According to a take-or-pay agreement that KPA had with the Kenya Railways Corporation...
India to continue buying oil from Russia as ties deepen
India will continue buying Russian oil as it is advantageous for the country, Foreign Minister Subrahmanyam Jaishankar has said during his first visit to Russia since it invaded Ukraine, in a move counter to Western efforts to cripple Russia’s economy with sanctions.
Jaishankar met his Russian counterpart Sergey Lavrov in Moscow on Tuesday accompanied by...
Kenya to partner with India on enhancing defence systems
Kenya and India are set to embark on a new partnership to help strengthen both countries' defence systems.
This was decided during the second Joint Defence Cooperation Committee meeting held in Nairobi on Tuesday.
The meeting was co-chaired by Joint Secretary of the Armed Forces, Shri Manish Tripathi and major general...
Okiya Omtatah Exposes 3 More Flaws on SGR Contract
Busia Senator Okiya Omtatah on Wednesday, November 10, continued making waves against the punitive nature of the full Standard Gauge Railway (SGR) contract the Kenyan Government signed with Chinese companies.
While appearing on KTN News, the Senator, who claimed to be in possession of the full contract, noted that the parties had tweaked the name...
Somalia moves closer to join EAC
The Somalia president Hassan Sheikh Mohamud urged the East African Community to fast-track his country’s admission into the regional bloc.
President Sheikh Mohamud said Somalia joining the Community has been a delayed dream for the people and the Government of Somalia urging the community’s Secretary General Dr. Peter Mathuki, to expedite the process of...
Pakistani journalist Arshad Sharif shot dead in Kenya, police say he failed to stop at a roadblock
Police headquarters in Nairobi are this morning expected to issue a public statement following the fatal police shooting of a senior Pakistani journalist Arshad Sharif on Magadi-Nairobi highway in Kajiado County.
Sharif, an award-winning journalist was felled on the night of Sunday, October 23, under unclear circumstances in what police say was a case...
Kenya Wants China to Extend $5 Billion Debt Repayment Period
Kenya plans to ask China for a longer repayment period on $5 billion of loans it used to build a new railway line, Transport Secretary-designate Kipchumba Murkomen said.
Servicing the Export-Import Bank of China loans, which mature in 15 to 20 years, is choking the economy, Murkomen told lawmakers Wednesday at a confirmation hearing...
Two US lawmakers want Pakistan army actions in Bangladesh liberation declared genocide
A legislation has been tabled in the House of Representatives seeking to declare Pakistan Army's actions during the 1971 Bangladesh liberation war as genocide and crimes against humanity.
The legislation was tabled by two US congressmen, among them Ro Khanna of Indian origin and Steve Chabot.
In the legislation, the two congressmen want the...
China fines Kenya Sh1.31bn for defaulting on SGR loans
Kenya defaulted on repayment of the Chinese loans provided to build the standard gauge railway (SGR), highlighting the country’s struggles with the mounting public debt.
The Chinese banks fined Kenya Sh1.312 billion in the year ended June for loan defaults, according to Treasury documents seen by Business Daily.
Kenya tapped over half...
Kenya’s military delegation visits Indian Military Academy
Kenya's military delegation has visited the Indian Military Academy, as part of measures to strengthen Indo-Kenya ties and defence cooperation.
The delegation was led by Maj Gen FG Ahmed, Commandant who was accompanied by a high-level delegation comprising five members from Kenya Military Academy.Maj Gen FG Ahmed is the first woman to hold the rank...