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Finally, Some Good News For Kenya’s Embattled Standard Gauge Railway

by Eric Olander
Kenyan lawmakers are hoping China will consider a debt repayment extension to service the remaining $3.3 billion that was borrowed to build the Standard Gauge Railway. Simon Mania/AFP

While Kenya struggles to repay billions of dollars of loans to the China Exim Bank used to build the Standard Gauge Railway (SGR), the government is getting a badly-needed boost from higher cargo and passenger volumes.

Kenya Railways this week reported that its SGR cargo business jumped by 24% in the first nine months of the year compared to the same time last year, generating $89 million in revenue.

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