Kenya's Delicate Balancing Act Between the U.S. and China

Kenya has done far better than many countries in fostering robust ties with both the United States and China, particularly in economic relations. Just last week, President Uhuru Kenyatta spoke by phone with his American counterpart Joe Biden and among the issues they discussed was the revival of talks to finalize a free trade agreement between the two countries. On the Chinese side, the Kenyatta administration is negotiating with its creditors in Beijing to restructure billions of dollars of outstanding loans. Already, China's policy banks have deferred just under a quarter-billion dollars of debt repayments and the two sides are now also working to handover key infrastructure projects like the Standard Gauge Railway to local control ahead of schedule as a way to reduce the loan repayment burden. But none of this may be enough to avert severe economic distress, according to Elijah Munyi, an assistant professor at the United States International University-Africa in Nairobi. Professor Munyi, who's an expert in Kenyan international relations, joins Eric to discuss why he sees a very difficult road ahead. JOIN THE DISCUSSION: Facebook: www.facebook.com/ChinaAfricaProject Twitter: @eolander | @stadenesque SUBSCRIBE TO THE CAP'S DAILY EMAIL NEWSLETTER Your subscription supports independent journalism. Subscribers get the following: 1. A daily email newsletter of the top China-Africa news. 2. Access to the China-Africa Experts Network 3. Unlimited access to the CAP's exclusive analysis content on chinaafricaproject.com Subscriptions start at just $7 a month. Use the promo code "Podcast" and get a 20% lifetime discount on your annual subscription: www.chinaafricaproject.com/subscribe See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Release date

Lydbog: 5. marts 2021