Tag: Naivasha
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Why It May Be Premature to Trust Nigerian, Kenyan Media Reports on New Chinese Railway Funding
A word of caution about a flurry of headlines circulating in the Kenyan and Nigerian press this week claiming that China has committed to spending billions of dollars on new railway projects in both countries. Something just doesn't sound right about these stories. It's interesting ...
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Just as in Nigeria, Kenyan Lawmakers Are Also Confused About What It Means to Waive “Sovereign Immunity” in Chinese Loan Contracts
Anger is mounting across Kenyan society over the terms of the loan agreements with the China Exim Bank for the multi-billion dollar Standard Gauge Railway that were released by the government on Sunday. Members of Parliament are sounding off in the ...
Even Amid Debt Crisis, Kenya Still Wants to Extend SGR to Ugandan Border
The burgeoning fiscal crisis in Kenya is not dampening the government's ambition to extend the Chinese-built Standard Gauge Railway from the Naivasha in the Rift Valley all the way to Kisumu near the border with Uganda. “This project will only make ...
Ruto Decisions Raise Questions About SGR’s Financial Future
Repaying Kenya’s $3.7 billion loan to China for the Standard Gauge Railway is key to Kenya’s broader financial future. However, two decisions by the country’s new President, William Ruto, will make that much harder, raising the danger that the burden could fall on taxpayers.
Uganda Announces Breakthrough Deal to Link Its Railway With Kenya’s SGR
The Ugandan government on Monday signed a $46 million (Sh5 billion) deal with the China Road and Bridge Corporation (CRBC) to revamp a 260-kilometer railway that will connect to Kenya's Standard Gauge Railway, making it possible for goods and passengers to travel directly from Kampala ...
