The government is negotiating with China for a loan of about Sh370 billion to complete the third phase of the standard gauge railway.
Kenya’s key strategic assets at home and abroad will not be protected by “sovereignty” and risk being seized by the Chinese government should there be a default in repaying the Standard Gauge Railway loan, a copy of the contract seen by the…
China has denied having attached Mombasa port as collateral to its funding of the standard gauge railway line.
Kenya could lose the ports of Mombasa to the Chinese government if Kenya Railways Corporation (KRC) defaults in the payment of Sh227 billion owed to Exim Bank of China.
President Uhuru Kenyatta this week returned from his fourth visit to China as quietly as he had left, without the usual razzmatazz that characterised previous tours.
The US and China rank top of other countries as the leading preferred economic partners of Kenya. This is according to a 2018 research study conducted by IPSOS Synovate which was released on Wednesday.
President Uhuru Kenyatta attended a high-level business forum in Beijing, China on Tuesday where he witnessed the signing of several public private partnership deals with Chinese investors.
Former Vice President Kalonzo Musyoka is part of the high ranking delegation in President Uhuru Kenyatta’s trip to China, raising questions over his role in the summit.
President Uhuru Kenyatta has arrived in Beijing, China, to attend the China-Africa Forum for Cooperation (FOCAC) 2018 Summit.