Tag: China

President Uhuru Kenyatta is expected to travel to China next month hoping to secure Sh380 billion funding for the Naivasha-Kisumu standard gauge railway.

Kenya and other African countries could reap net benefits from Chinese investment, but that favourable outcome hinges on whether host countries adopt effective oversight and

Ababu among 55 Kenyans Heading to China for Crucial Training Program: A team of 55 Kenyans will be heading to China in April to undergo a sponsored benchmarking and trade training program for value addition as part of the China-Kenya cooperation.

Kenya wants another Sh368bn railway loan from China: 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 Sunday Nation reveals.

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.