Kenya looks to extend Chinese rail loan by 30 years

Kenya’s debt distress is partly a result of the economic effects of the pandemic, and partly of the commercial performance of the SGR. The Mombasa–Nairobi section of the link, which opened in 2017, made a loss of $28m in the 12 months to June. This part of the line cost some $3.6bn, 90% of which was met by a loan from Export–Import bank.

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