rail

Kenya's Bold Financial Move: Turning to China's Yuan to Ease Debt Kenya is taking a groundbreaking step towards easing its financial burdens by engaging in talks with China to convert a significant railway loan from U.S. dollars to Chinese yuan. This strategic move, confirmed by an adviser to Finance Minister John Mbadi, has the potential to reshape economic relations and aid in curbing Kenya's burgeoning debt. A Monumental Infrastructure Undertaking The loan in question was pivotal in funding one of Kenya's most…

Protesters block Ethiopia-Djibouti rail link as conflict escalates NAIROBI, Kenya - The vital rail and road link to Djibouti was destroyed on Wednesday, which could now cut essential supplies to Addis Ababa, which depends on the port of Djibouti for imports and exports, essential to the Ethiopian economy. A senior government official said the railway had been partly uprooted and some sections…