Kenyan Professor Explains Why China, Not the West, Became Nairobi’s Creditor of Choice

When Kenya embarked on its national infrastructure development agenda back in the early 2000s, policymakers didn’t have a lot of options when it came to financing. Traditional lenders weren’t interested and the cost of borrowing from banks was too expensive.

Enter the Chinese, who United States International University-Africa professor Elijah Munyi told a national radio audience on Spice FM’s popular morning show “The Situation Room” had the capital and, more importantly, the risk appetite to finance the country’s railways, ports, and roads.

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The post Kenyan Professor Explains Why China, Not the West, Became Nairobi’s Creditor of Choice appeared first on The China Africa Project.

source https://chinaafricaproject.com/2022/03/29/kenyan-professor-explains-why-china-not-the-west-became-nairobis-creditor-of-choice/