Tag: Standard Gauge Railway
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Kenya Wants to Stretch Rail Loan Repayment Window to 50 Years
Kenya hopes to renegotiate the loan for its Chinese-built Standard Gauge Railway to be repayable over fifty years, the country’s incoming Transport Secretary, Kipchumba Murkomen, said during his confirmation hearing this week. “We are choked by loans,” he said and argued a ...
What Kenya’s Embattled Standard Gauge Railway Tells Us About the Future of China’s Belt and Road Initiative
The Wall Street Journal has published a series of articles and videos over the past three weeks detailing what they're describing as "Belt and Road 2.0" -- a slimmed down, much more conservative version of the nearly ten-year-old Chinese global infrastructure initiative.
Kenya’s Cabinet Secretary Nominee Pushes Back Against Default Allegations
“We should not be a country that should walk into the defaulting mode,” says Musadia Mudavadi, a nominee to become Kenya’s new Cabinet Secretary. Mudavadi committed himself to meet Kenya’s obligations amid allegations that Nairobi defaulted on repayments for its Standard Gauge ...
One of China’s Largest BRI Builders Faces Economic Headwinds at Home
Business is booming for the China Communications Construction Company. It is one of the world's largest construction companies and built many of China's iconic BRI projects, including the controversial Port of Hambantota in Sri Lanka and the Standard Gauge Railway in Kenya. Signed contracts jumped 22% in ...
What Does Kenya’s SGR Tell Us About the Future of Chinese Railway Development in the Global South
The Chinese-financed Standard Gauge Railway (SGR) in Kenya is one of the flagship projects of the Belt and Road Initiative. But the SGR like other Chinese-sponsored railway projects elsewhere in the Global South also serves as a prime example of the ...
Logistics Shift to Mombasa to Hit SGR Profits
One of William Ruto's first actions as Kenyan president was to reverse a decision made by his predecessor to force logistics operators to use the Chinese-built Standard Gauge Railway's inland port in Naivasha for logistics and clearance services. Ruto said the ...
Tanzania is the Latest Focal Point For Railway Construction in the Post-Megaloan Era
The Tanzanian government opened bidding to build the next stage of its new Standard Gauge Railway (SGR) network that will extend to the border with Burundi. Construction companies have been invited to submit proposals to build a 367-kilometer portion of the line ...
The Politics of Chinese-financed Infrastructure Development in East Africa
How African governments negotiate infrastructure deals with Chinese lenders and construction companies is far more complex than many assume. While most focus on the role of the head of state, the reality is that the leader is just one of many ...
The Chinese-Built Standard Gauge Railway Turned Five This Week
This week marked the five-year anniversary of the Chinese-financed and built Standard Gauge Railway that officially launched on May 31, 2017. The milestone was largely ignored by the Kenyan press but was noted with some enthusiasm in the Chinese media. (AFRICA DIRECT -- Chinese)
Kenyan Court Orders Government to Publish Chinese Loan Contracts For SGR
Two civil society activists in Kenya, Khelef Khalifa and Wanjiru Gikonyo, have won a massive victory in their longshot campaign to force the government to release its contracts with Chinese creditors for the multi-billion dollar Standard Gauge Railway (SGR). The Attorney General and two ...
The Port of Mombasa Was Never at Risk of Being Seized by China
A 2018 leaked report from Kenya's Auditor General sparked a years-long frenzy over whether the Port of Mombasa was put up as collateral against the loans from the China Exim Bank for the Standard Gauge Railway and could be seized in ...
Chinese Lending Cut Makes Japan Kenya’s Largest New Lender
A sharp cut in Chinese lending to Kenya means that Japan now outpaces it in new lending to the East African country, according to new numbers released by the Kenyan Treasury. Compared to a height of $1.2 billion in 2016, Chinese lending to Kenya for the current fiscal ...