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.
When American construction and engineering giant Bechtel International Inc opened its regional offices in Nairobi a year ago, pundits pointed out that the new administration of Donald Trump seemed determined to edge out China from the business of big projects in Kenya.