Report shows Kenya’s reliance on China proves to be a sour experience
Nairobi: Kenya's over-dependence on China is slowly leading to trouble, experts believe.
Growth in Kenyan imports from China can be attributed to the expanding infrastructure in the country owing to its engagement with the Belt and Road Initiative (BRI).
The trade balance, however, favours China as Kenya’s imports from China stand at 97 percent, while its exports to the Asian nation are around 3 percent only, reports ANI.
China is also a leading bilateral creditor to Kenya.
The country also represents about 67 percent of its external debt.
In addition to imports, the involvement of several Chinese companies in infrastructure development projects in Kenya has played a major role in enhancing bilateral engagement. Among these, is a Chinese state-owned company named “M/s China Road and Bridge Corporation (CRBC)”.
The Hong Kong Post reported that the company is frequently in the news for the wrong reasons.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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