China wants to punish Kenya with Coronavirus for acquiring at least $9.8 billion between 2006 and 2017, making it Africa’s third-largest recipient of Chinese loans, according to the Economist. Kenya’s total public debt is currently around $60 billion, or 61 percent of the GDP.
As Kenya’s Jubilee government trumpets the opening of its new, Chinese-built train line to the Rift Valley, critics say the railway serves little purpose and is plunging Kenya into massive debt.
It’s been lampooned as the railroad to nowhere – 120 km (75 miles) of gleaming new railway tracks that snake from the capital city Nairobi, climb the trenches and escarpments of the Central Rift Valley to stop dead at a remote village. And now China wants to punish Kenya with Coronavirus.
SGR from Mombasa to Nairobi fails to generate profit, calling for Coronavirus punishment
The poor performance of the Mombasa to Nairobi line makes it evident Kenya “is already struggling with the SGR,” he told DW.
The railway has had difficulty attracting cargo because it is more expensive than hauling freight by road. Reuters puts the cost of trucking a container from Mombasa to Nairobi at about KSh. 80,608 , whereas the railway costs KSh. 110,836 – mainly due to extra charges for moving goods from the inland depot in Nairobi.
As a result, the SGR is moving less than half of the freight it needs to carry per year to make it profitable. In its first full year of cargo operations (to May 2019), it generated $57 million in sales, far below the annual operating costs of Ksh. 12,091,200,000 and much lower than original projections, according Kenya’s Business Daily news site.
There is one bright spot: the Mombasa-Nairobi line has proved a hit with travelers because of its speed and comfort. The smooth train journey takes around 4.5 hours compared what can be a 12-hour, bone-rattling trip by road.
But the passenger service only runs twice a day, and generated less than Ksh. 1.7 billion in sales – a small figure compared to what cargo is bringing in. Or as the Economist magazine succinctly puts it: “Shuttling passengers is not what the new line was built for.”
Concerns about the SGR’s viability are compounded by the massive Six trillion and forty-five billion six hundred million Kenyan Shillings, loans that Kenya, East Africa’s biggest economy, took out with China’s Exim Bank to fund them.
And they’re not Kenya’s only infrastructure loans form China. The country has acquired at least $9.8 billion between 2006 and 2017, making it Africa’s third-largest recipient of Chinese loans, according to the Economist.
Kenya’s total public debt is currently around $60 billion, or 61 percent of the GDP. In other words, it owes more than half the value of its economic output.
World Bank economist Peter Chacha recently warn Kenya against piling up more debt than it can repay.
“It is important that future debt management adopt measures to ensure debt is not accelerating,” he told The East African.
96 Comments
Trackbacks/Pingbacks
- clavulanic acid and amoxicillin - clavulanic acid and amoxicillin clavulanic acid and amoxicillin
- azithromycin how long to cure chlamydia - azithromycin how long to cure chlamydia azithromycin how long to cure chlamydia
- what is celecoxib - what is celecoxib what is celecoxib
- unflavored cephalexin for children - unflavored cephalexin for children unflavored cephalexin for children
- duloxetine hcl - duloxetine hcl duloxetine hcl
- amoxicillin side effects in toddlers - amoxicillin side effects in toddlers amoxicillin side effects in toddlers
- zithromax for strep - zithromax for strep zithromax for strep
- celecoxib medicine - celecoxib medicine celecoxib medicine
- cephalexin side effects yeast infection - cephalexin side effects yeast infection cephalexin side effects yeast infection
- cymbalta drug interaction - cymbalta drug interaction cymbalta drug interaction
- cheap sildenafil generic 20mg - cheap sildenafil generic 20mg cheap sildenafil generic 20mg
- best over the counter viagra - best over the counter viagra best over the counter viagra
- liquid viagra - liquid viagra liquid viagra
- avanafil vs viagra - avanafil vs viagra avanafil vs viagra
- viagra cock - viagra cock viagra cock
- viagra sample pack - viagra sample pack viagra sample pack
- viagra on line no prec - viagra on line no prec viagra on line no prec
- generic viagra on ebay - generic viagra on ebay generic viagra on ebay
- cheap levitra - cheap levitra cheap levitra
- viagra demonstration - viagra demonstration viagra demonstration
- what is sildenafil - what is sildenafil what is sildenafil
- sildenafil coupon - sildenafil coupon sildenafil coupon
- viagra naturale - viagra naturale viagra naturale
- viagra on line - viagra on line viagra on line
- viagra gone wrong - viagra gone wrong viagra gone wrong
- sildenafil citrate - sildenafil citrate sildenafil citrate
- sildenafil 20mg - sildenafil 20mg sildenafil 20mg
- fildena vs viagra - fildena vs viagra fildena vs viagra
- viagra direct - viagra direct viagra direct
- tadalafil online - tadalafil online tadalafil online
- viagra penis - viagra penis viagra penis
- viagra naturel - viagra naturel viagra naturel
- effects viagra for men - effects viagra for men effects viagra for men
- cialis generic from mexico - cialis generic from mexico cialis generic from mexico
- fda approved sildenafil online - fda approved sildenafil online fda approved sildenafil online
- step sister helps brother viagra - step sister helps brother viagra step sister helps brother viagra
- cialis hearing loss treatment - cialis hearing loss treatment cialis hearing loss treatment
- how to make viagra - how to make viagra how to make viagra
- sildenafil 20 mg side effects - sildenafil 20 mg side effects sildenafil 20 mg side effects
- cost of viagra per pill - cost of viagra per pill cost of viagra per pill
- mom and sister viagra help - mom and sister viagra help mom and sister viagra help
- mom give son viagra accident - mom give son viagra accident mom give son viagra accident
- viagra canada purchase - viagra canada purchase viagra canada purchase
- viagra cialis levitra sample pack - viagra cialis levitra sample pack viagra cialis levitra sample pack
- mandy flores viagra son - mandy flores viagra son mandy flores viagra son
- best generic cialis australia - best generic cialis australia best generic cialis australia
- viagra reviews reddit south africa - viagra reviews reddit south africa viagra reviews reddit south africa
- cheaeneric viagra free shipping - cheaeneric viagra free shipping cheaeneric viagra free shipping
- female viagra online purchase in india - female viagra online purchase in india female viagra online purchase in india
- cialis 100mg for sale - cialis 100mg for sale cialis 100mg for sale
- low cost generic viagra - low cost generic viagra low cost generic viagra
- cost daily cialis - cost daily cialis cost daily cialis
- vietnamese viagra south africa - vietnamese viagra south africa vietnamese viagra south africa
- cheap cialis super active - cheap cialis super active cheap cialis super active
- cialis for sale on amazon singapore - cialis for sale on amazon singapore cialis for sale on amazon singapore
- does cvs sell viagra south africa - does cvs sell viagra south africa does cvs sell viagra south africa
- alternatives to levitra - alternatives to levitra alternatives to levitra
- viagra boys a acheter - viagra boys a acheter viagra boys a acheter
- generic viagra white pill australia - generic viagra white pill australia generic viagra white pill australia
- cheap viagra generic best price - cheap viagra generic best price cheap viagra generic best price
- how usde porn movies all viagra tablets - how usde porn movies all viagra tablets how usde porn movies all viagra tablets
- buy tadalafil pills - buy tadalafil pills buy tadalafil pills
- generic cialis soft 20mg - generic cialis soft 20mg generic cialis soft 20mg
- buy sildenafil 20 mg online - buy sildenafil 20 mg online buy sildenafil 20 mg online
- best online viagra south africa - best online viagra south africa best online viagra south africa
- sildenafil for sale uk - sildenafil for sale uk sildenafil for sale uk
- cialis generico 40 order - cialis generico 40 order cialis generico 40 order
- cialis cost uk - cialis cost uk cialis cost uk
- levitra erection time - levitra erection time levitra erection time
- cialis 30 mg price - cialis 30 mg price cialis 30 mg price
- ivermectin for fleas - ivermectin 3mg stromectol and alcohol
Great content! Super high-quality! Keep it up! 🙂
Thank you @AffiliateLabz
Quality articles or reviews is the key to be a focus for the visitors to pay a visit the web page, that’s what this
Thank you for your comment.
I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Excellent work!
Thank you @Lucile Belch. We do web design and development. We did this by ourselves. Thank you for your comment and your motivation. We are thrilled to focus on creating more creative and beautiful sites. Just stay in touch!
hello there and thank you for your info – I have definitely picked up
anything new from right here. I did however expertise several technical issues using this site,
since I experienced to reload the website a lot of times previous to I could get it to load properly.
I had been wondering if your hosting is OK? Not
that I am complaining, but sluggish loading instances times
will sometimes affect your placement in google and could damage your high-quality score if ads and marketing with Adwords.
Anyway I’m adding this RSS to my email and could look out for a lot more of your respective
exciting content. Make sure you update this again very soon.
Oh my goodness! Incredible article dude! Many thanks, However I am having issues
with your RSS. I don’t know why I cannot join it. Is there anyone else having similar RSS problems?
Anybody who knows the solution will you kindly respond? Thanx!!
We will work on it Royal CBD. Thank you for your feedback.
Excellent beat ! I wish to apprentice while you amend your site, how could i subscribe for a blog site? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear concept
Hello Teresa.
Thank you for your feedback.
Kindly go to https://www.nelsonthegreat.co.ke/get-a-quote to subscribe for a blog site.
Thank you!
All I can say is perfect
Thank you Replica Panerai
LOVE MY MONTECO WATCH. GREATBIG NUMBERS, EASY TO READ TIME.UpReplica, YOU ARE THE BEST!!
Thank you Verdie
I wear this as my everyday Tissot Touch watch. It is easy to read.
Than you Perla
AWESOME watch, i received in good condition!!!
personal loans with no origination fee https://www.personalloans02.com guaranteed high risk personal loans fast.
free online casino games canada www.onlinecasinonodeposit002.com online casino no deposit bonus no playthrough.
affirm personal loans www.personalloans02.com best companies for personal loans.
online casino australia real money https://onlinecasinonodeposit002.com no deposit online casino usa.
personal loans with low interest www.personalloans02.com onemain financial personal loans.
online casino no deposit bonus uk onlinecasinonodeposit002.com free online casino games to play now.
how do personal loans work www.personalloans02.com bb&t personal loans.
vegas casino online no deposit onlinecasinonodeposit002.com online casino usa no deposit bonus.
banks personal loans https://www.personalloans02.com large personal loans.
online casino instant play https://www.onlinecasinonodeposit002.com live online casino real money.
best personal loans 2018 personalloans02.com quicken personal loans.
free online casino pokies www.onlinecasinonodeposit002.com best online casino for roulette.
personal loans for students https://www.personalloans02.com does chase offer personal loans.
caesars casino online coins generator (free version) https://onlinecasinonodeposit002.com free online casino games no download no registration.
best small personal loans www.personalloans02.com personal loans bad credit online.
online casino canada real money https://www.onlinecasinonodeposit002.com 10 best casino online.
personal loans with low interest rates https://personalloans02.com personal auto loans.
online casino real money with free money to start onlinecasinonodeposit002.com casino slots online play.
personal auto loans www.personalloans02.com personal loans fair credit.
new online casino no deposit bonus https://onlinecasinonodeposit002.com online gambling casino real money.
personal loans for bad credit near me personalloans02.com personal loans credit score under 500.
casino slots online play www.onlinecasinonodeposit002.com online gambling casino real money.
which bank is the best for personal loans personalloans02.com small personal loans with bad credit.
online casino play for fun onlinecasinonodeposit002.com online casino free bonus no deposit.
wellsfargo personal loans https://personalloans02.com personal bank loans.
casino slots online play https://www.onlinecasinonodeposit002.com no minimum deposit casino online.
discover card personal loans personalloans02.com personal loans credit score under 500.
free online casino canada onlinecasinonodeposit002.com online casino slots.
personal loans with poor credit www.personalloans02.com personal loans with low interest rates.
vegas casino online no deposit bonus www.onlinecasinonodeposit002.com uk casino games online play online casino games now.
500 credit score personal loans personalloans02.com emergency personal loans bad credit.
win real money online casino https://www.onlinecasinonodeposit002.com online casino play for fun.
kobe 10 white olx nike air vapormax or ray ban silver aviator polarized adidas high top gris ny yankees dad hat yeezy boost 350 v2 white fit
entkalker http://www.entkalker.net/
personal loans best rates personalloans02.com personal loans with co applicant.
best online casino free money no deposit https://www.onlinecasinonodeposit002.com no deposit online casino bonus codes.
pre approved personal loans https://www.personalloans02.com best credit unions for personal loans.
online casino real money no deposit www.onlinecasinonodeposit002.com online casino with no deposit.
chase personal loans rates www.personalloans02.com personal loans no credit check direct lender.
new online casino bonuses no deposit onlinecasinonodeposit002.com online casino free spin no deposit.
state farm personal loans www.personalloans02.com personal loans from private individuals.
online casino no deposit bonus $100 www.onlinecasinonodeposit002.com las vegas casino online no deposit bonus codes.
personal loans for 630 credit score www.personalloans02.com bankruptcy loans personal.
mobile online casino no deposit bonus onlinecasinonodeposit002.com free online casino games for fun no download.
personal loans reviews https://personalloans02.com best low interest personal loans.
online play casino https://onlinecasinonodeposit002.com best online us casino.
personal loans credit score under 500 personalloans02.com discover personal loans calculator.
online casino bonus codes no deposit required onlinecasinonodeposit002.com online casino no deposit bonus no download instant play.
no credit personal loans www.personalloans02.com personal loans no credit.
online casino with free signup bonus real money https://onlinecasinonodeposit002.com new online casino bonuses no deposit.
zero interest personal loans https://www.personalloans02.com personal loans reviews.
best real money online casino https://www.onlinecasinonodeposit002.com real vegas online casino no deposit bonus codes 2016.
business auto loans without personal guarantee https://www.personalloans02.com easiest personal loans to get.
online casino usa real money xb777 https://onlinecasinonodeposit002.com online casino free bonus no deposit no download.
how do personal loans work www.personalloans02.com personal loans for credit score under 600.
caesars casino online coins generator (free version) onlinecasinonodeposit002.com best online casino usa real money.
does chase offer personal loans https://www.personalloans02.com the best personal loans.
no deposit online casino games https://onlinecasinonodeposit002.com online casino no deposit welcome bonus.
personal loans debt consolidation https://personalloans02.com personal loans from private individuals.
online casino bonus no deposit https://onlinecasinonodeposit002.com best online casino payouts.
personal loans best rates https://personalloans02.com onemain financial personal loans.
play online casino games and win real money https://www.onlinecasinonodeposit002.com online casino no deposit bonus codes.
small personal loans with bad credit personalloans02.com avant personal loans reviews.
free online casino games canada www.onlinecasinonodeposit002.com online casino usa no deposit bonus code.
air jordan 11 blanco oro camo denver broncos hat for cheap air jordan 14 retro sport blue nike air max 90 metallic gold crocodile print white and black hyperdunks shox tl sneaker
glennraps http://www.glennraps.com/
blanc jordans with bleu nike air parace 1 blanco rojo air jordan 11 blanco varsity rojo og jordan 9s nike air jordan 14 xiv low blau white 47 brand padres for cheap
mdroster http://www.mdroster.net/
buy real cialis best place to buy generic cialis can i buy cialis over the counter at walgreens?
buy cialis from india how to buy cialis buy real cialis
where can i buy cialis without a prescription where to buy cialis online where can i buy cialis over the counter
teva generic viagra online viagra cheap generic viagra pills for sale
ez payday loans locations payday loans san antonio are payday loans bad
student loans for people with bad credit bad credit loans knoxville tn
Muchas gracias. ?Como puedo iniciar sesion?
buying viagra online legally http://fmedrx.com/ viagra for sale online usa cheapest viagra online
viagra for sale online http://usggrxmed.com/ buy viagra online cheap generic viagra forum
Excellent webpage you have here. Should you will find the time, take a look at this website Take a Look I have been spending so much time on
cheapest fastest viagra sale viagra viagra preço
viagra czy potrzebna jest recepta internet viagra sales presentaciones de viagra en mexico
questions about viagra https://paradiseviagira.com/ viagra in japan
viagra overnight shipping fedex dapoxetine viagra purchase pfizer viagra
funciona el viagra yahoo https://purevigra.com/ green viagra tablets
viagra original achat viagra wanneer werkt het why a man takes viagra
viagra frГҐn egypten buybuyviamen.com is there a generic for viagra in the us
viagra tablet price viagra soft tabs 100mg where to buy viagra without a prescription
quienes pueden utilizar el viagra viagra internetu viagra imagem
viagra pills 50 mg best viagra pills female viagra pills in india
price for viagra in canada viagra-50mg generic viagra 10mg
viagra viagra how do i get viagra without a prescription sildenafil 20mg generic cost
Great post, I learn something totally new and informative on websites I stumble upon every day. Thanks for sharing.
company profile design
brochure design malaysia
viagra australia buy viagra 50mg price viagra prices walmart
quitting viagra faz mal tomar viagra com cerveja is it legal to buy viagra in australia
college algebra homework solver scientific research paper writing literature essays
compare and contrast essay college level fine art dissertation help write my resume
argumentative essay internet writing and essay descriptive essay assignment
college diversity essay electoral college pros and cons essay university essay
essay writing methods premium custom essays buy an essay paper online
buy viagra ireland online viagra for sale viagra uk
english essay writing practice persuasive essays writing a strong essay
essays 1 timothy writing a perfect essay can you do my homework
college essays to read writing a farewell speech the purpose for which you are writing an essay
i love this well article
generic viagra from us can you buy cialis online from canada pharmacy drugs tizanidine brand name cialis 200mg price best canadian online pharmacy viagra budecort 400 cheapest minocycline tablets levaquin cost serophene buy
senior care usa life insurance
loan locations
buy cialis paypal i need cialis cialis with daxopretine
cialis suppliers generic cialis free cialis
chat xxx web cam girls
payday loans from direct lenders
liberty national life insurance whole life insurance quotes
Im a huge fan already, man. Youve done a brilliant job making sure that people understand where youre arrival from. And let me tell you, I get it. huge stuff and I cant wait to read more of your information sites. What youve got to say is important and needs to be check out.
Thank you so much.
Hey, this is a great post, so clear and easy to understand. All your hard work is much appreciated.
secret recipe menu
kfc menu
madam kwan menu
That’s interesting, you have done a great job. Thanks for sharing.
ndt
Thanks for this post. I really enjoy your point of view on this topic. Hope you are doing well.
Floating Solar Malaysia
Renewable Energy Malaysia
My follower on Twitter dedicated big thread to this topic. I gained followers from https://soclikes.com/buy-twitter-followers , and now I am knowledgeable about various topics thanks to them.