It’s not clear at this time if the decision to expedite the handover of some SGR responsibilities from Afristar to Kenya Railways is part of the ongoing debt restructuring talks that are purportedly underway between China and Kenya.
Until now, there’s been no public discussion about either rescheduling or reducing the amount of debt owed by Kenya Railways to the China Exim Bank for the loans used to build the SGR.
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Kenya’s National Treasury is calling on the parliament to provide it with $940 million dollars for the latest instalment to repay China for the controversial Standard Gauge Railway (SGR). The Treasury’s request prompted ...
The investigative series Africa Uncensored broadcast a riveting one-hour documentary on Kenyan national TV last night that explored the country’s ballooning national debt. The program highlighted how, as Kenya’s largest bilateral creditor owning ...
Afristar, a subsidiary of the state-run China Road and Bridge Corporation, informed Kenya Railways that if it wants the May 2022 handover of the Mombasa to Nairobi Standard Gauge Railway to be completed ...
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