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Kenya: Govt Eyes Railway Cash as it Seals 3 More Deals With China
Nation, 26 April 2019
Kenya has signed three more trade agreements with China with a view to unlocking billions of shillings to fund phase two of the Standard Gauge Railway. Read more »
Govt Seeks to Limit Loans as Kenya Seals More China Deals
The new act wants to cap the public debt, and is apparently in line with regional trends. President Uhuru Kenyatta has signed three more trade agreements with China with a view to unlocking billions of shillings to fund phase two of the Standard Gauge Railway.
President Uhuru Kenyatta (left) greets Chinese President Xi Jinping at the Great Hall of the People in Beijing on April 25, 2019 ahead of the second Belt and Road Forum for International Cooperation.
InFocus
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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 ... Read more »
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The Central Bank of Kenya's report shows that external loans went up by U.S.$1,6 billion between July and December 2018, significantly outpacing the U.S.$700 million increase in ... Read more »
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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 »
