Did Kenya Trip Into Debt-Trap With Chinese Railway Deal?
One intriguing clause in the contract reportedly says any disputes on the loan would only be resolved in Beijing through the China International Economic and Trade Arbitration Commission. The deal also stipulates that even if Kenya gets alternative funds to offset the loan in lump sum, the Chinese bank has the right to refuse such payment or give conditions before accepting, writes Edwin Okoth for The Nation.
Nation, 13 January 2019
Kenya's key strategic assets at home and abroad will not be protected by "sovereignty" and risk being seized by the Chinese government should there be a default in repaying the… Read more »
The standard gauge railway project.
RFI, 3 January 2019
Austerity cuts look likely in Kenya as the servicing of massive Chinese debt is expected to triple in 2019. Read more »
Nation, 2 January 2019
Loan repayments to China will nearly triple from July as the five-year grace period that Beijing extended to Kenya in May 2014 for the standard gauge railway (SGR) funds comes to… Read more »
The Exchange, 19 December 2018
Kenya risks losing port of Mombasa to China Exim bank should Kenya Railways Corporation default the 227 billion shillings ($2.229 billion) it owes the bank. Read more »
Kenyans urging President Uhuru Kenyatta to sign the Finance Bill 2018 amendment that will halt the introduction of 16% fuel levy have descended on him via Twitter for celebrating ... Read more »