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WEEK IN REVIEW: Chinese Debt and the Anti-Government Revolt in Kenya

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Manage episode 425888212 series 2776077
Contenuto fornito da The China-Global South Project. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da The China-Global South Project o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

Protestors in Kenya this week expressed fury against the government and the IMF but interestingly made no mention of China during an unprecedented uprising in Nairobi. It's notable because the Kenyan Treasury spends more money to service its Chinese loans than any other single creditor.

For years, across two administrations, the Kenyan government has pleaded with China to reschedule nearly $6 billion of outstanding loans, all to no avail. And the cost of servicing that dollar-denominated debt has skyrocketed due to the depreciation of the shilling.

This week, Eric, Cobus & Geraud discuss the role that Chinese debt plays in Kenya's current economic distress and provide updates on the fate of a Chinese oil pipeline caught in the middle of a simmering conflict in West Africa.

JOIN THE DISCUSSION: X: @ChinaGSProject | @christiangeraud | @stadenesque Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth

FOLLOW CAP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat

JOIN US ON PATREON! Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug! www.patreon.com/chinaglobalsouth

  continue reading

301 episodi

Artwork
iconCondividi
 
Manage episode 425888212 series 2776077
Contenuto fornito da The China-Global South Project. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da The China-Global South Project o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

Protestors in Kenya this week expressed fury against the government and the IMF but interestingly made no mention of China during an unprecedented uprising in Nairobi. It's notable because the Kenyan Treasury spends more money to service its Chinese loans than any other single creditor.

For years, across two administrations, the Kenyan government has pleaded with China to reschedule nearly $6 billion of outstanding loans, all to no avail. And the cost of servicing that dollar-denominated debt has skyrocketed due to the depreciation of the shilling.

This week, Eric, Cobus & Geraud discuss the role that Chinese debt plays in Kenya's current economic distress and provide updates on the fate of a Chinese oil pipeline caught in the middle of a simmering conflict in West Africa.

JOIN THE DISCUSSION: X: @ChinaGSProject | @christiangeraud | @stadenesque Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth

FOLLOW CAP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat

JOIN US ON PATREON! Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug! www.patreon.com/chinaglobalsouth

  continue reading

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