United States President Donald Trump has cancelled five large contracts and grants in Kenya totalling $251.5 million (Sh32.5 billion). Mr Trump terminated three USAID contracts in Kenya totalling Sh28.36 billion ($219.5 million) and two grants totalling Sh4.2 billion ($32.72 million), according to disclosures made in court documents. In the upcoming weeks, more terminations are anticipated…...
Trending
- UEMOA: Sharp increase in cashew nut prices in July 2025
- Tunisia: 45% Increase in STAR Company’s Profit in the First Half of 2025
- Guinea’s mining sector: a risky bet for foreign investors?
- Afriland First Group denies rumors surrounding Afriland First Bank CD
- Investing in the Stock Exchange in Abidjan, Casablanca, or Nairobi? Response from a small investor
- Nigeria: Government reserves road projects under 13 million USD for local companies
- Old Mutual suffers a loss of USD 119 million in Zimbabwe
- Mali: “Sovereigntist” Goïta creates a national reinsurance company
Kenya’s $252 million contracts, grants purged in USAID axe
©DR
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com