Date: Sun, 27 Dec 2015 19:29:02 +0100
Your are here » Home » Business Kenyans view China, US as "threats" to growth, indicates survey By Graham Kajilwa Updated Sunday, December 27th 2015 at 00:00 GMT +3 Share this story: Share on Facebook Tweet Google Plus Linkedin Comments It is the Chinese construction of the Sh34 billion Thika Super Highway that cemented Kenya's relationship with China. Kenyans have labelled China the biggest threat to the country’s economic and political development. This is despite Kenya being its second largest trading partner with billions of investments in infrastructure attributed to the Asian nation. In a recently released survey by Ipsos, 17 per cent of Kenyans (an aggregate of the 2015 quarterly results 28, 13 and 12 per cent) see China as a hindrance to growth. This figure is followed closely by the United States with an all year average of 15 per cent; United Kingdom coming third at three per cent. “Whereas about two-thirds of all Kenyans do not consider any country outside of Eastern African region as constituting a threat to the country’s well-being, among the rest, the US and China are viewed at about the same level of distrust and suspicion,” read the survey. Ironically, in the survey majority of Kenyans (41 per cent) prefer strengthened relationship with the US compared to China (16 per cent). See also: China Southern Airlines to buy 10 Airbus planes worth $2.27 bn Despite the survey not clearly stating the reasons behind the mistrust and threat, it is evident that Chinese dominance in the Kenyan market is not as welcome as it is perceived. According to the third annual Deloitte African Construction Trends Report 2014, Kenya held the bulk of large infrastructure projects carried out in East Africa compared to her immediate neighbours. Most of these projects majorly in real estate, transport and energy in the region are being implemented by Chinese construction firms. As per the Deloitte report, in 2014 the transport sector in Kenya accounted for 59 percent of all the infrastructure projects which is 17 per cent growth. It is the Chinese construction of the Sh34 billion Thika Super Highway that cemented Kenya’s infrastructure relationship with the Asian economic giant. Currently, Chinese firms are responsible for the over Sh1 billion Lamu port expansion, with another firm China WuYi Company Limited having being awarded four tenders worth Sh10 billion to construct shopping malls and highways across the country.
Read more at: http://www.standardmedia.co.ke/business/article/2000186304/kenyans-view-china-us-as-threats-to-growth-indicates-survey
Read more at: http://www.standardmedia.co.ke/business/article/2000186304/kenyans-view-china-us-as-threats-to-growth-indicates-survey
By Graham Kajilwa
According to a report by the Institute for Development Studies, Kenya’s engineering skills and talent is endangered by the Chinese construction firms take over, which have been contracted to do major engineering related jobs.
Sunday, December 27th 2015 at 00:00 GMT +
It is the Chinese construction of the Sh34 billion Thika Super Highway that cemented Kenya's relationship with China.
Kenyans have labelled China the biggest threat to the country’s economic and political development.
This is despite Kenya being its second largest trading partner with billions of investments in infrastructure attributed to the Asian nation.
In a recently released survey by Ipsos, 17 per cent of Kenyans (an aggregate of the 2015 quarterly results 28, 13 and 12 per cent) see China as a hindrance to growth.
This figure is followed closely by the United States with an all year average of 15 per cent; United Kingdom coming third at three per cent.
“Whereas about two-thirds of all Kenyans do not consider any country outside of Eastern African region as constituting a threat to the country’s well-being, among the rest, the US and China are viewed at about the same level of distrust and suspicion,” read the survey.
Ironically, in the survey majority of Kenyans (41 per cent) prefer strengthened relationship with the US compared to China (16 per cent).
Despite the survey not clearly stating the reasons behind the mistrust and threat, it is evident that Chinese dominance in the Kenyan market is not as welcome as it is perceived.
According to the third annual Deloitte African Construction Trends Report 2014, Kenya held the bulk of large infrastructure projects carried out in East Africa compared to her immediate neighbours.
Most of these projects majorly in real estate, transport and energy in the region are being implemented by Chinese construction firms.
As per the Deloitte report, in 2014 the transport sector in Kenya accounted for 59 percent of all the infrastructure projects which is 17 per cent growth.
It is the Chinese construction of the Sh34 billion Thika Super Highway that cemented Kenya’s infrastructure relationship with the Asian economic giant.
Currently, Chinese firms are responsible for the over Sh1 billion Lamu port expansion, with another firm China WuYi Company Limited having being awarded four tenders worth Sh10 billion to construct shopping malls and highways across the country.
According to a report by the Institute for Development Studies, Kenya’s engineering skills and talent is endangered by the Chinese construction firms take over, which have been contracted to do major engineering related jobs.
Your are here » Home » Business Kenyans view China, US as "threats" to growth, indicates survey By Graham Kajilwa Updated Sunday, December 27th 2015 at 00:00 GMT +3 Share this story: Share on Facebook Tweet Google Plus Linkedin Comments It is the Chinese construction of the Sh34 billion Thika Super Highway that cemented Kenya's relationship with China. Kenyans have labelled China the biggest threat to the country’s economic and political development. This is despite Kenya being its second largest trading partner with billions of investments in infrastructure attributed to the Asian nation. In a recently released survey by Ipsos, 17 per cent of Kenyans (an aggregate of the 2015 quarterly results 28, 13 and 12 per cent) see China as a hindrance to growth. This figure is followed closely by the United States with an all year average of 15 per cent; United Kingdom coming third at three per cent. “Whereas about two-thirds of all Kenyans do not consider any country outside of Eastern African region as constituting a threat to the country’s well-being, among the rest, the US and China are viewed at about the same level of distrust and suspicion,” read the survey. Ironically, in the survey majority of Kenyans (41 per cent) prefer strengthened relationship with the US compared to China (16 per cent). See also: China Southern Airlines to buy 10 Airbus planes worth $2.27 bn Despite the survey not clearly stating the reasons behind the mistrust and threat, it is evident that Chinese dominance in the Kenyan market is not as welcome as it is perceived. According to the third annual Deloitte African Construction Trends Report 2014, Kenya held the bulk of large infrastructure projects carried out in East Africa compared to her immediate neighbours. Most of these projects majorly in real estate, transport and energy in the region are being implemented by Chinese construction firms. As per the Deloitte report, in 2014 the transport sector in Kenya accounted for 59 percent of all the infrastructure projects which is 17 per cent growth. It is the Chinese construction of the Sh34 billion Thika Super Highway that cemented Kenya’s infrastructure relationship with the Asian economic giant. Currently, Chinese firms are responsible for the over Sh1 billion Lamu port expansion, with another firm China WuYi Company Limited having being awarded four tenders worth Sh10 billion to construct shopping malls and highways across the country.
Read more at: http://www.standardmedia.co.ke/business/article/2000186304/kenyans-view-china-us-as-threats-to-growth-indicates-survey
Read more at: http://www.standardmedia.co.ke/business/article/2000186304/kenyans-view-china-us-as-threats-to-growth-indicates-survey