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Negotiating With Chinese Investors

In 2015, the Chinese economy passed a significant milestone. After years of proactively soliciting overseas investment to build large-scale manufacturing and generate jobs, China saw its outbound investments surpass inbound investments for the first time. As the Chinese economy becomes more advanced, the focus of

CASHING IN ON COAL: KENYA’S UNNECESSARY POWER PLANT

Samia Omar was born and raised in Lamu County, Kenya, a nature lover’s paradise at the uppermost corner of the country’s coastline, which borders Somalia. She attended college in the U.S. and Canada and traveled to northwest Kenya for work. But, she says, “I always

Standard bank sets record straight on financing Lamu

The fact that a major African bank refuses to fund this deadly plant sends a strong anti coal message amidst financiers increasing unease when funding coal globally. Any investment in coal is a disaster for the planet. Financiers are aware of the poor financial return

deCOALonize Photo Exhibition

A creative, visual storyteller and self-taught photographer born, raised and based in Nairobi, Kenya, Peter Ndung’u tells stories through his chosen medium and creative outlet of photography.  “Photography enables me to hone my craft, sharpen my eyes, pick up subtle visual nuances around me and

Standard Bank says not funding Lamu Coal

Nigel Beck, the head of environmental and social advisory at Standard Bank said they reviewed the opportunity to fund the controversial plant, but for “various reasons”, decided against it. The project is being financed by the Industrial and Commercial Bank of China Ltd. This was

Kenya: the AfDB looks to fund Lamu coal project

The African Development Bank (AfDB) is considering to fund the construction of Kenya’s first coal-fired power plant. Speaking to Xinhua in Nairobi on Monday, AfDB Director-General of the East Africa Regional office, Gabriel Negatu, said the multilateral development finance institution is awaiting the environmental and