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What the slowing Chinese economy means for Kenya
Cabinet Secretary for Roads Kipchumba Murkomen (second right) with Kenya Ports Authority MD William Ruto (right) receive and flag off 50 newly acquired standard gauge railway freight service wagons in Mombasa February 05, 2024. China financed and built the Standard Gauge Railway (SGR) at a cost of $5.1 billion. PHOTO | KEVIN ODIT | NMG
China is sneezing and Kenya, like the rest of the world, is catching a flu. A number of experts have warned that a slowdown in the Asian country's economy is likely to hurt Kenya’s prospects, including financing of various critical projects as well as production and consumption of certain goods.
China has struggled to recover in the post-pandemic period, with property woes in the world's second-largest economy resulting in the fastest deflation in 15 years.
