How foot-dragging lost Kenya Afriexim branch office to Kampala

Nairobi City skyline. FILE PHOTO | NMG

Kenya caps 2019 in loss after Ugandan President Yoweri Museveni reached a deal with the African Export Import Bank (Afreximbank) to locate its Sh3 billion regional headquarters in Kampala, ending a three-year bid to set it up in Nairobi.

The agreement, signed in September, paved the way for the construction of the multibillion trade bank office, denying it benefits that come with hosting a top international organisation.

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