By JAINDI KISEROMore by this AuthorBy all indications, the highlight of President Uhuru Kenyatta’s visit to China this week will be the signing of the Naivasha-Malaba section of the standard gauge railway (SGR). Clearly, this is going to be the single-largest capital expenditure project in the history of Kenya. First, that the loan they are giving you is collateralised by strategically important national assets — a port, a railway such as the SGR or national resources. Having found itself saddled with Chinese debt, the Horn of Africa country was forced to lease strategically positioned land to China. In total, Kenya plans to borrow a whopping $5.2 billion for development of the Naivasha-Kisumu-Malaba SGR section, the new Kisumu port and the inland container depot in Naivasha.

Source: Daily Nation September 04, 2018 19:52 UTC