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HomeDaily NewsTuesday, October 7, 2025Kenya Switches to Yuan for China Loan, Engages with COMESA, Russia, and Ukraine - October 2025
Breaking News & Top Stories4 stories from 2 sources

Kenya Switches to Yuan for China Loan, Engages with COMESA, Russia, and Ukraine - October 2025

Kenya has officially switched from repaying its Ksh646.15 billion (USD5 billion) Standard Gauge Railway (SGR) loan to China in US Dollars to the Chinese Yuan, a move aimed at reducing costs. On the regional front, Kenya is hosting the 24th COMESA Summit, where President William Ruto is assuming the chairmanship to secure trade benefits. In diplomatic talks with Russia, Kenya is formalizing a migration framework to protect its nationals from irregular conscriptions into the Russian military. The government is also pleading with Ukraine for assistance in repatriating Kenyan citizens captured while fighting for Russia.

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Tuesday 5:07 PMKenyans

Kenya Dumps US Dollar for Chinese Yuan in Move to Cut Costs

Kenya Dumps US Dollar for Chinese Yuan in Move to Cut Costs

Kenya has officially switched from repaying its Standard Gauge Railway (SGR) loan to China in US Dollars to the Chinese Yuan, a move aimed at reducing costs and strengthening the local currency. This conversion of the Ksh646.15 billion (USD5 billion) loan is expected to save the country significant funds annually.

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Key Highlights

Kenya has officially switched from repaying its Standard Gauge Railway (SGR) loan to China in US Dollars to the Chinese Yuan, a move aimed at reducing costs and strengthening the local currency. This conversion of the Ksh646.15 billion (USD5 billion) loan is expected to save the country significant funds annually.

  • The conversion from Dollars to Yuan is projected to save Kenya approximately Ksh27.78 billion (USD215 million) annually in interest payments.
  • The decision was finalized by the Treasury on Tuesday, according to CS John Mbadi.
  • This strategic shift is also anticipated to reduce demand for the US Dollar in the market, potentially strengthening the Kenyan Shilling and improving Kenya's foreign exchange position.
Tuesday 7:41 AMKenyansFirst

Govt Now Pleads With Ukraine to Release Kenyans Captured Fighting for Russia

Govt Now Pleads With Ukraine to Release Kenyans Captured Fighting for Russia

The Kenyan government is pleading with Ukraine for assistance in repatriating Kenyan citizens captured while fighting for Russia in the ongoing war. Principal Secretary for Foreign Affairs Korir Sing’oei formally requested support from Ukrainian Ambassador to Kenya Yurii Tokar for consular help and repatriation.

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Key Highlights

The Kenyan government is pleading with Ukraine for assistance in repatriating Kenyan citizens captured while fighting for Russia in the ongoing war. Principal Secretary for Foreign Affairs Korir Sing’oei formally requested support from Ukrainian Ambassador to Kenya Yurii Tokar for consular help and repatriation.

  • Korir Sing’oei met with Yurii Tokar on Monday, October 6, to discuss the issue.
  • Several Kenyans, including Evans Kibet, were reportedly trafficked to Russia under false employment pretenses and subsequently captured by Ukrainian forces.
  • The Kenyan government asserts that most Kenyans involved were victims of manipulation and trafficking, not willing combatants.
  • This follows the rescue of four Kenyans from Russian army recruitment and a Russian man's arrest on Thursday, September 25, for allegedly recruiting Kenyans.
  • 22 Kenyans were rescued from an apartment in Athi River, reportedly promised jobs but destined to fight in Ukraine, having signed contracts requiring payments up to $18,000 (Ksh2,331,000).
Tuesday 3:20 PMCapital News

Kenya and Russia move to formalize framework for migration amid concerns over irregular conscriptions

Kenya and Russia move to formalize framework for migration amid concerns over irregular conscriptions

Kenya and Russia are formalizing a framework for regular migration to protect Kenyan nationals from exploitation, particularly concerning irregular conscriptions into the Russian military. This follows bilateral talks between Foreign Affairs Principal Secretary Korir Sing’Oei and Russian Ambassador Vsevolod Tkachenko in Nairobi.

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Key Highlights

Kenya and Russia are formalizing a framework for regular migration to protect Kenyan nationals from exploitation, particularly concerning irregular conscriptions into the Russian military. This follows bilateral talks between Foreign Affairs Principal Secretary Korir Sing’Oei and Russian Ambassador Vsevolod Tkachenko in Nairobi.

  • Kenya’s move aims to prevent citizens from being irregularly conscripted into the Russia-Ukraine conflict, a growing concern with multiple repatriations already.
  • The Russian government has assured Nairobi of its zero-tolerance policy towards involuntary recruitment of foreign nationals, despite reports of Kenyans fighting for Russia.
  • Kenya has launched an inquiry into human trafficking networks promising lucrative jobs in Russia but funnelling individuals into military service, with a recruitment ring already busted in Athi River.
Tuesday 4:34 PMKenyans

Trade Wins Kenya Seeks to Secure at COMESA Summit

Trade Wins Kenya Seeks to Secure at COMESA Summit

Kenya is hosting the 24th COMESA Summit, with President William Ruto assuming the chairmanship, aiming to secure significant trade benefits including deepened regional market access and digital trade facilitation.

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Key Highlights

Kenya is hosting the 24th COMESA Summit, with President William Ruto assuming the chairmanship, aiming to secure significant trade benefits including deepened regional market access and digital trade facilitation.

  • The summit's theme is "Leveraging Digitalisation to Deepen Value Chains for Sustainable and Inclusive Growth".
  • Kenya's goals include pushing for harmonised trade rules, eliminating non-tariff barriers, and digitally transforming trade systems to boost intra-COMESA exports.
  • Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe stressed unifying pesticide standards, while Trade Cabinet Secretary Lee Kinyanjui highlighted horticulture's role as a growth engine and the need to break down barriers for the internal COMESA market.
  • Despite efforts, the region faces persistent non-tariff barriers, infrastructure gaps, and regulatory fragmentation.
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