Kenya: Issue of Takeover of Mombasa Port By China Is Pure Propaganda - Kenyan President

In a televised interview with reporters at the coastal city of Mombasa on Friday night, Kenyatta said the country is ahead of the payment schedule for Standard Gauge Railway (SGR) loan and there is no cause of alarm.

China is opening their eyes and meeting Kenya, and indeed the rest of Africa are at the point of need, Kenyatta remarked, stressing that China is offering financial packages that Kenya and other African countries can afford.

Commenting on Kenya's debt issue, Kenyatta said the issue is not about incurring debt; it is about the use of the debt.

When debt is talked about, it must be viewed in comparison with the gross domestic product (GDP), he said.

"I am confident that Kenya's debt is for infrastructure development that will not only benefit the current generation but future generations too," he added.

There were recent reports alleging that Kenya had used Mombasa Port as a collateral to reach an SGR payment agreement with Chinese financial institutions.

This is an issue which does not exist, said Kenyatta.

Kenyatta said he was prepared to release to the public the contract signed between the Kenyan government and the Chinese government through the China Eximbank to end the speculation.

See What Everyone is Watching

More From: Focac

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.