Kenya

Kenya Asks World Bank for $740 Million Loan amid Growing China Debts

Kenya’s request this week for a $740 million loan from the World Bank, of which American taxpayers remain the largest stakeholders, has sparked outrage as the African country continues to deny its financial woes and accept gigantic sums of money from China to fuel its role in Beijing’s ambitious Belt and Road Initiative (BR).

Chinese President Xi Jinping (top R) and Kenyan President Uhuru Kenyatta (top L) attend a signing ceremony after their bilateral meeting during the Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on May 15, 2017. / AFP PHOTO / POOL / Etienne …