The reality behind the ‘Chinese debt trap’ myth in Africa

SGR. PHOTO | Xinhua For years, there have been sweeping concerns of African countries falling “victim” to a Chinese “debt trap” – whereby Chinese lenders provide unsustainable loans to African countries. Such narratives are problematic, as African countries are portrayed as inferior or incompetent in their engagement with Chinese creditors, while their Chinese counterparts are…

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CAK approves sale of Monarch Insurance majority stake

Three companies have gotten the approval of Competition Authority of Kenya (CAK) to buy 51pc stake in Monarch Insurance. The approval which has been granted unconditionally by the competition watchdog will see the consortium which includes Ondoba Limited, Kenyoro Limited and Equico Thirteen Limited become majority owners of the insurer. CAK disclosure indicates Ondoba Limited…

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Former Samburu Governor Moses Lenolkulal convicted of corruption

Former Samburu Governor Moses Lenolkulal. [Wilberforce Okwiri, Standard] Former Samburu Governor Moses Lenolkulal has been found guilty of corruptly receiving Sh83.3 million for supplying petroleum products to the county government. The Milimani Anti-Corruption Court, led by Magistrate Thomas Nzyoki, determined that Lenolkulal was in conflict of interest and improperly awarded a multi-million-shilling tender for fuel…

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List: 5 Paralympic sports you will enjoy watching

These sports will feature amazing athletes with special needs The Paralympic Games showcase an incredible range of sports, demonstrating the athletic prowess and determination of athletes with disabilities. From high-octane team sports to precision-based events, the Paralympics offer something for every sports enthusiast. Here’s a rundown of some of the most thrilling Paralympic sports you…

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Kenyans Responsible for Violence Meg Whitman's Statement About IMF Denying Kenya Funding: “We Don't Want Loans”

US Ambassador Meg Whitman revealed that the International Monetary Fund (IMF) withdrew funding to Kenya due to the rejection of the 2024 Finance Bill President William Ruto refused to sign the 2024 Finance Bill into law following mass protests across the country Kenyans on social media protested against Whitman's statement, saying that the IMF is…

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