Search For "standard gauge railway"
Kenya's forex reserves decline due to foreign debt repayments, particularl
Updated : 1 year, 10 months ago IST
Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9 billion) over the past week, following substantial repayments of external debt.
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China-funded secret railway contract unearthed in Kenya: Report
Updated : 3 years, 6 months ago IST
The USD 4.7 billion rail project known as the Standard Gauge Railway starts from Kenya's coastal region, began five years ago and has become the focus of multiple criminal investigations, weighing down the country's economy with debt.
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China may seize Kenyan asset amid mounting debts
Updated : 3 years, 7 months ago IST
Nairobi [Kenya], October 22 (ANI): Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its debts.
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China fines Kenya Sh1.31 billion for defaulting on railway loans
Updated : 3 years, 7 months ago IST
Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa.
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Kenyan court declares USD 3.2 billion railway contract with China illegal
Updated : 5 years, 11 months ago IST
Nairobi [Kenya], June 25 (ANI): A Kenyan appellate court has ruled that the USD 3.2 billion railway contract between Kenya and the China Road and Bridge Corporation (CRBC) is illegal.
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