Kenya Wants Another $3,7 Billion Railway Loan From China
The corporation is also holding talks to finance a system that will ensure the railway, its passengers, goods and equipment travel securely through populated regions in its 974-kilometre journey from Mombasa to Malaba in Busia County. The terms of China's loan repayment are the subject of debate after revelations that the port of Mombasa may be handed over to the Chinese if Kenya defaults.
Nation, 20 March 2019
The government is negotiating with China for a loan of about Sh370 billion to complete the third phase of the standard gauge railway. Read more »
Trains at Mombasa Terminus in Miritini (file photo).
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 ... 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 »