Is Kenya dropping China loans for private deals?

Editor - Africa & International

Nation Media Group

Is Kenya shifting its engagement with China from “loans diplomacy” to private investments?

This past week’s visit to Nairobi by Yang Jiechi, the special envoy of Chinese President Xi Jinping, appears to suggest a recalibration of relations between Nairobi and Beijing.

TRADE NOT AID
In global dynamics, trade not aid, is becoming popular.
The UK Department for International Trade announced in July it will use a portion of its £14 billion ($17.2 billion) aid budget to “provide training opportunities for government bureaucrats for skills “that will attract investment into their country.”
At the World Economic Forum Africa summit in Cape Town this past week, Ugandan President Yoweri Museveni said: “By supporting and facilitating growth of trade and business, Africa will attain sustained peace courtesy of a middle class whose focus is on interests (horizontal issues) rather than identity that dominates pre-capitalist societies (vertical issues).
At the 7th Tokyo International Conference on African Development, Japan and Africa agreed on the importance of co-operating on issues such as quality infrastructure, private sector impact investment, industrialisation and economic transformation.

Is Kenya dropping China loans for private deals?

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