Kenya: New Sh368bn Loan to Make Kenya's SGR the Most Costly

Kenya is shortly expected to sign a Sh368 billion loan for the construction of the Naivasha-Kisumu leg of the Standard Gauge Railway (SGR), bringing the total debt for the project to Sh845 billion and making the cost effectively Sh800 million per kilometre -- one of the most expensive projects of its kind in the world.

President Uhuru Kenyatta and Opposition leader Raila Odinga are in China to persuade that country's leadership to extend the loan.

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