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In the name of assistance, Chinese companies controlling public services in Kenya: Report

July 14, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Kenya has joined the list of countries that are getting a reality check after trusting China for development assistance, and later finding itself in the trap with its public services under the ambit of Beijing-based companies, Inside Over reported. It is known fact that China is using its growing capital resources to aggressively expand its influence worldwide through infrastructure investments, and the underdeveloped countries in Africa, that are already struggling from capital shortages, are the primary targets of Chinese debt and equity. These struggling countries often count upon China for trade, technology and equipment, and are found relying on Beijing...
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Tags: accounting | Africa | agreement | auto | bank | Beijing | BRI | capital | China | Chinese | communications | construction | corporate social responsibility | development | Economy | Exports | import | investment | Kenya | Philippines | Racism | Railroad | social media | sourcing | technology

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