Kenya fails to meet China SGR loan repayment terms

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Kenya has breached terms of its Standard Gauge Railway loan agreement with China by failing to deposit over $45 million into an escrow account. The Kenya Ports Authority and Kenya Railways are in dispute over the funds, which are meant for loan repayment. This failure exposes taxpayers to potential penalties under the loan's take-or-pay clause. A joint committee is reconciling accounts, while Kenya has restructured its SGR loans to ease repayment amid high public debt.


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Kenya fails to meet China SGR loan repayment terms | News Minimalist