Corporate News
How a strong Yuan may affect Kenyan consumers
“A better priced Yuan should raise the cost of Chinese goods, erode their competitiveness in foreign markets and allow our manufacturing sector to compete.” Photo/REUTERS
By Johnstone Ole Turana
Posted Wednesday, June 23 2010 at 00:00
Posted Wednesday, June 23 2010 at 00:00
In the next financial year of 2010-2011 Kenya is expecting Sh16.79 billion financing from the Chinese government, making it the single largest bilateral donor to the country.
The funds will be used for the Nairobi-Thika Highway improvement project, Nairobi Eastern and Northern Bypass project and drilling of Olkaria IV Geothermal wells.
RSS