Kenya moves closer into China orbit by joining Asian Bank

Kenya has inched closer to joining the China-led Asia Infrastructure Investment Bank (AIIB) after the Cabinet on Monday approved the country’s subscription to the membership of the institution that was established to challenge the US-dominated IMF and World Bank.

The move is part of Kenya Kwanza administration’s agenda of tapping into the ubiquitous green financing, having already benefited from similar financing from the International Monetary Fund (IMF), a global lender dominated by the US and its allies.