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Economy

Britain steps up Kenya investments with railway hub, eyes $1 billion deals

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Reuters UK

By Duncan Miriri NAIROBI (Reuters) – Britain is partnering with Kenya to build a new rail hub in the capital Nairobi, and its development arm CDC Group will invest $1 billion in various sectors over the next five years, officials said on Tuesday. Britain, the former colonial power, has increased its engagement with Nairobi in recent years, after signing a new post-Brexit trade deal https://www.reuters.com/article/kenya-britain-trade-idUKKBN28I280 in late 2020. It has also displayed a readiness to help Kenya develop its infrastructure, an area dominated by Chinese funds and firms in the past de…

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