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Importers were forced to transport their cargo via Kenya's Standard Gauge Railway (SGR) because of a deal signed by its previous government with the Export-Import Bank of China, documents show.
China is Kenya's largest trading partner, with bilateral trade rising rapidly from US$186.37 million in 2002 [18] to $5.3 billion in 2018. [13] Although Kenya's exports of tea, coffee, herbs, and avocados are increasingly attractive to Chinese consumers, Kenya's trade deficit recently reached $7 billion due to the significant investment, trade deals, and developmental assistance it receives ...
The railway is owned by the Kenya Railways Corporation (KRC), a state-owned corporation of Kenya. It contracts the operations and maintenance of the line to the Africa Star Railway Operations Company (Afristar), a subsidiary of the China Road and Bridge Corporation (CRBC), and the primary constructor of the line. Afristar was given the legal ...
The Kenya Standard Gauge Railway (SGR) is a partially finished railway system connecting Kenya's cities. Once completed, it will link the country to the neighboring country of Uganda , and through Uganda, to South Sudan , the Democratic Republic of the Congo , Rwanda , and Burundi .
Senior administration officials acknowledge a central factor in scheduling a state visit with Kenya was the desire to counter China’s influence and financial leverage on the African continent ...
NAIROBI (Reuters) -Kenya's President William Ruto will ask China for a $1 billion loan to complete stalled road construction projects when he travels to Beijing later this month, his deputy said ...
It is China's first overseas railway project that will connect to China's railway network. [79] Once operational, the Laos–China Railway will be Laos' longest and connect with Thailand to become part of the proposed Kunming–Singapore railway , extending from the Chinese city of Kunming and running through Thailand and Laos to terminate at ...
In 2011, Kenya signed a memorandum of understanding with the China Road and Bridge Corporation to build the Mombasa–Nairobi Standard Gauge Railway (SGR). Financing for the US$3.6 billion project was finalised in May 2014, with the Exim Bank of China extending a loan for 90% of the project cost, and the remaining 10% coming from the Kenyan ...