Category: Railways
Africa’s Newest Chinese-Financed and Constructed Railway Begins Operating in Nigeria
The newest Chinese-built railway in Africa is now officially in service following a Tweet on Monday from the office of Nigerian President Muhammadu Buhari that launched the new Lagos to Ibadan line. The $1.59 billion standard gauge railway was
With Chinese Loans Coming Due, Ethio-Djibouti Railway Suffers Heavy Losses Due to Theft, Vandalism
The Chinese-financed and constructed Ethiopia-Djibouti standard gauge railway is bleeding money due to rampant theft and vandalism, according to a report in the Addis Standard newspaper. The situation is now so bad, say company officials, that the trains have been forced to reduce their speed ...
The Case For Kenya’s Embattled Chinese-Financed Standard Gauge Railway
Critics of Kenya's multi-billion-dollar Standard Gauge Railway (SGR) definitely have the upper hand these days as the railway sinks deeper into debt. But George Sunguh, managing editor of African Ports Review, argued today in Business Daily that the skeptics are wrong.
Passenger Traffic’s Up on Kenya’s New SGR But Will It Be Enough to Save the Embattled Railway?
Travelers are making their way back to Kenya's Standard Gauge Railways, especially the line between Nairobi and the port city of Mombasa, according to new data published by the Kenya Railways Corporation (KRC). 43,235 people took the Mombasa ...
Uganda Confident It Will Secure $2 Billion China Exim Bank Loan to Build New Standard Gauge Railway
The Ugandan government is reportedly in talks with the China Exim Bank to secure a $2 billion loan to build a new Standard Gauge Railway, according to the Daily Monitor newspaper. The head of Uganda Railways Corporation, Stanley ...
The Nested Tragedies of Kenya’s Standard Gauge Railway
Recently we've seen two new pieces of research on Kenya’s Standard Gauge Railway (SGR,) which make for fascinating – if depressing – reading. They show that the project was doomed from the start by corruption and bad dealing from ...
Why Kenya’s Standard Gauge Railway Was Doomed From the Start
Kenya's new multi-billion dollar standard gauge railway (SGR) was destined to fail even before it launched, argued Kenyan legal scholar Luis Franceschi in a new opinion column in the Nation newspaper. Franceschi joins a growing number of analysts who have long asserted that ...
Kenya’s Spiraling Debt Crisis Worsens as the Cost of Chinese Loans Mount, Currency Weakens and Exports Soften
Kenya is rapidly becoming the next flashpoint in the Africa debt crisis amid a dramatic increase in borrowing that threatens to submerge the economy. The Parliamentary Budget Office (PBO) warned on Friday that the country's ballooning debt is ...
Tanzanian Official Publicly Mocks Kenya For Taking Huge Loans From China to Build the Standard Gauge Railway
A video of an unnamed Tanzanian official mocking Kenya for borrowing so much money from China to build the Standard Gauge Railway went viral in East Africa this week. "I do not want to mention ...
Is Default the Next Step for Kenya’s Embattled Standard Gauge Railway?
The Chinese-financed and built Standard Gauge Railway is losing money at an unsustainable rate of $9.2 million per month prompting renewed calls in parliament for the State House to renegotiate the $3.2 billion of loans used to construct the Nairobi to Mombasa ...
China Faces a Critical Test in Kenya
Kenya's difficulties in servicing its debts for the newly-built, Chinese-financed Standard Gauge Railway (SGR) is nearing a breaking point. Even before the COVID-19 outbreak, the railway failed to meet passenger and cargo volume targets and now the economic downturn brought on by the ...
The Trains Are Finally Rolling in Nigeria
Say what you want about the Chinese but there's no denying they are damned good at getting stuff done. The sight of a big beautiful new train on freshly laid tracks in Lagos yesterday was something to ...