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Kenya's president on Wednesday withdrew planned tax rises, bowing to pressure from protesters who had stormed parliament, launched demonstrations across the country and threatened more action this week.
Chinese President Xi Jinping said Thursday that China will provide 360 billion yuan (more than $50 billion) in financial support to Africa over the next three years.
Kenya’s president, William Ruto, deployed the military yesterday to crack down on what he called “treasonous” protesters, after demonstrators furious over the passage of a package of tax increases stormed the Parliament building in the capital, Nairobi, climbed in windows and set fire to the entrance.
BORGO EGNAZIA, Italy (AP) -- A Group of Seven summit opened Thursday with agreement reached on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right.
TOKYO -- Kenya wants to broaden its development financing avenues, President William Ruto says as the African nation faces big debt repayments to China, adding "overreliance on one market is not good for any country."