Kenya Railways defaulted on a $1.3 billion loan from China Exim Bank used for the construction of the Mombasa-Naivasha Standard Gauge Railway (SGR). A report from the National Treasury reveals that the default will cost Kenya Railways penalties estimated at $12.4 million, incurred as a 1% fine on the outstanding arrears. The country had initially...
Purchase Required
You must first purchase a membership level before purchasing this content.
Already a member? Log in here
