China to punish Kenya with Coronavirus for not being able to pay the massive debt.

by Feb 10, 2020News & Articles95 comments

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.

 

Coronavirus – The virus to punish Kenya

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.

China to punish Kenya with Coronavirus

 

China to punish Kenya with Coronavirus

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.

95 Comments

  1. AffiliateLabz

    Great content! Super high-quality! Keep it up! 🙂

    Reply
  2. Thurman Cuffman

    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

    Reply
  3. Lucile Belch

    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!

    Reply
    • Nelson The Great

      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!

      Reply
  4. best cbd oil

    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.

    Reply
  5. Royal CBD

    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!!

    Reply
    • Nelson The Great

      We will work on it Royal CBD. Thank you for your feedback.

      Reply
  6. Teresa Freytas

    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

    Reply
  7. Verdie

    LOVE MY MONTECO WATCH. GREATBIG NUMBERS, EASY TO READ TIME.UpReplica, YOU ARE THE BEST!!

    Reply
  8. Perla

    I wear this as my everyday Tissot Touch watch. It is easy to read.

    Reply
  9. Geraldpag

    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

    Reply
  10. juxuwflchu

    Muchas gracias. ?Como puedo iniciar sesion?

    Reply
  11. www.xmc.pl Enterprise

    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

    Reply
  12. Web Design

    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.

    Reply
  13. ndt

    That’s interesting, you have done a great job. Thanks for sharing.
    ndt

    Reply

Trackbacks/Pingbacks

  1. clavulanic acid and amoxicillin - clavulanic acid and amoxicillin clavulanic acid and amoxicillin
  2. azithromycin how long to cure chlamydia - azithromycin how long to cure chlamydia azithromycin how long to cure chlamydia
  3. what is celecoxib - what is celecoxib what is celecoxib
  4. unflavored cephalexin for children - unflavored cephalexin for children unflavored cephalexin for children
  5. duloxetine hcl - duloxetine hcl duloxetine hcl
  6. amoxicillin side effects in toddlers - amoxicillin side effects in toddlers amoxicillin side effects in toddlers
  7. zithromax for strep - zithromax for strep zithromax for strep
  8. celecoxib medicine - celecoxib medicine celecoxib medicine
  9. cephalexin side effects yeast infection - cephalexin side effects yeast infection cephalexin side effects yeast infection
  10. cymbalta drug interaction - cymbalta drug interaction cymbalta drug interaction
  11. cheap sildenafil generic 20mg - cheap sildenafil generic 20mg cheap sildenafil generic 20mg
  12. best over the counter viagra - best over the counter viagra best over the counter viagra
  13. liquid viagra - liquid viagra liquid viagra
  14. avanafil vs viagra - avanafil vs viagra avanafil vs viagra
  15. viagra cock - viagra cock viagra cock
  16. viagra sample pack - viagra sample pack viagra sample pack
  17. viagra on line no prec - viagra on line no prec viagra on line no prec
  18. generic viagra on ebay - generic viagra on ebay generic viagra on ebay
  19. cheap levitra - cheap levitra cheap levitra
  20. viagra demonstration - viagra demonstration viagra demonstration
  21. what is sildenafil - what is sildenafil what is sildenafil
  22. sildenafil coupon - sildenafil coupon sildenafil coupon
  23. viagra naturale - viagra naturale viagra naturale
  24. viagra on line - viagra on line viagra on line
  25. viagra gone wrong - viagra gone wrong viagra gone wrong
  26. sildenafil citrate - sildenafil citrate sildenafil citrate
  27. sildenafil 20mg - sildenafil 20mg sildenafil 20mg
  28. fildena vs viagra - fildena vs viagra fildena vs viagra
  29. viagra direct - viagra direct viagra direct
  30. tadalafil online - tadalafil online tadalafil online
  31. viagra penis - viagra penis viagra penis
  32. viagra naturel - viagra naturel viagra naturel
  33. effects viagra for men - effects viagra for men effects viagra for men
  34. cialis generic from mexico - cialis generic from mexico cialis generic from mexico
  35. fda approved sildenafil online - fda approved sildenafil online fda approved sildenafil online
  36. step sister helps brother viagra - step sister helps brother viagra step sister helps brother viagra
  37. cialis hearing loss treatment - cialis hearing loss treatment cialis hearing loss treatment
  38. how to make viagra - how to make viagra how to make viagra
  39. sildenafil 20 mg side effects - sildenafil 20 mg side effects sildenafil 20 mg side effects
  40. cost of viagra per pill - cost of viagra per pill cost of viagra per pill
  41. mom and sister viagra help - mom and sister viagra help mom and sister viagra help
  42. mom give son viagra accident - mom give son viagra accident mom give son viagra accident
  43. viagra canada purchase - viagra canada purchase viagra canada purchase
  44. viagra cialis levitra sample pack - viagra cialis levitra sample pack viagra cialis levitra sample pack
  45. mandy flores viagra son - mandy flores viagra son mandy flores viagra son
  46. best generic cialis australia - best generic cialis australia best generic cialis australia
  47. viagra reviews reddit south africa - viagra reviews reddit south africa viagra reviews reddit south africa
  48. cheaeneric viagra free shipping - cheaeneric viagra free shipping cheaeneric viagra free shipping
  49. female viagra online purchase in india - female viagra online purchase in india female viagra online purchase in india
  50. cialis 100mg for sale - cialis 100mg for sale cialis 100mg for sale
  51. low cost generic viagra - low cost generic viagra low cost generic viagra
  52. cost daily cialis - cost daily cialis cost daily cialis
  53. vietnamese viagra south africa - vietnamese viagra south africa vietnamese viagra south africa
  54. cheap cialis super active - cheap cialis super active cheap cialis super active
  55. cialis for sale on amazon singapore - cialis for sale on amazon singapore cialis for sale on amazon singapore
  56. does cvs sell viagra south africa - does cvs sell viagra south africa does cvs sell viagra south africa
  57. alternatives to levitra - alternatives to levitra alternatives to levitra
  58. viagra boys a acheter - viagra boys a acheter viagra boys a acheter
  59. generic viagra white pill australia - generic viagra white pill australia generic viagra white pill australia
  60. cheap viagra generic best price - cheap viagra generic best price cheap viagra generic best price
  61. how usde porn movies all viagra tablets - how usde porn movies all viagra tablets how usde porn movies all viagra tablets
  62. buy tadalafil pills - buy tadalafil pills buy tadalafil pills
  63. generic cialis soft 20mg - generic cialis soft 20mg generic cialis soft 20mg
  64. buy sildenafil 20 mg online - buy sildenafil 20 mg online buy sildenafil 20 mg online
  65. best online viagra south africa - best online viagra south africa best online viagra south africa
  66. sildenafil for sale uk - sildenafil for sale uk sildenafil for sale uk
  67. cialis generico 40 order - cialis generico 40 order cialis generico 40 order
  68. cialis cost uk - cialis cost uk cialis cost uk
  69. levitra erection time - levitra erection time levitra erection time
  70. cialis 30 mg price - cialis 30 mg price cialis 30 mg price
  71. ivermectin for fleas - ivermectin 3mg stromectol and alcohol

Submit a Comment

Your email address will not be published. Required fields are marked *

Want new Articles before they get published?
Subscribe to Our Newsletter.

Recommended Articles

95 Comments

  1. AffiliateLabz

    Great content! Super high-quality! Keep it up! 🙂

    Reply
  2. Thurman Cuffman

    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

    Reply
  3. Lucile Belch

    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!

    Reply
    • Nelson The Great

      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!

      Reply
  4. best cbd oil

    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.

    Reply
  5. Royal CBD

    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!!

    Reply
    • Nelson The Great

      We will work on it Royal CBD. Thank you for your feedback.

      Reply
  6. Teresa Freytas

    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

    Reply
  7. Verdie

    LOVE MY MONTECO WATCH. GREATBIG NUMBERS, EASY TO READ TIME.UpReplica, YOU ARE THE BEST!!

    Reply
  8. Perla

    I wear this as my everyday Tissot Touch watch. It is easy to read.

    Reply
  9. Geraldpag

    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

    Reply
  10. juxuwflchu

    Muchas gracias. ?Como puedo iniciar sesion?

    Reply
  11. www.xmc.pl Enterprise

    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

    Reply
  12. Web Design

    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.

    Reply
  13. ndt

    That’s interesting, you have done a great job. Thanks for sharing.
    ndt

    Reply

Trackbacks/Pingbacks

  1. clavulanic acid and amoxicillin - clavulanic acid and amoxicillin clavulanic acid and amoxicillin
  2. azithromycin how long to cure chlamydia - azithromycin how long to cure chlamydia azithromycin how long to cure chlamydia
  3. what is celecoxib - what is celecoxib what is celecoxib
  4. unflavored cephalexin for children - unflavored cephalexin for children unflavored cephalexin for children
  5. duloxetine hcl - duloxetine hcl duloxetine hcl
  6. amoxicillin side effects in toddlers - amoxicillin side effects in toddlers amoxicillin side effects in toddlers
  7. zithromax for strep - zithromax for strep zithromax for strep
  8. celecoxib medicine - celecoxib medicine celecoxib medicine
  9. cephalexin side effects yeast infection - cephalexin side effects yeast infection cephalexin side effects yeast infection
  10. cymbalta drug interaction - cymbalta drug interaction cymbalta drug interaction
  11. cheap sildenafil generic 20mg - cheap sildenafil generic 20mg cheap sildenafil generic 20mg
  12. best over the counter viagra - best over the counter viagra best over the counter viagra
  13. liquid viagra - liquid viagra liquid viagra
  14. avanafil vs viagra - avanafil vs viagra avanafil vs viagra
  15. viagra cock - viagra cock viagra cock
  16. viagra sample pack - viagra sample pack viagra sample pack
  17. viagra on line no prec - viagra on line no prec viagra on line no prec
  18. generic viagra on ebay - generic viagra on ebay generic viagra on ebay
  19. cheap levitra - cheap levitra cheap levitra
  20. viagra demonstration - viagra demonstration viagra demonstration
  21. what is sildenafil - what is sildenafil what is sildenafil
  22. sildenafil coupon - sildenafil coupon sildenafil coupon
  23. viagra naturale - viagra naturale viagra naturale
  24. viagra on line - viagra on line viagra on line
  25. viagra gone wrong - viagra gone wrong viagra gone wrong
  26. sildenafil citrate - sildenafil citrate sildenafil citrate
  27. sildenafil 20mg - sildenafil 20mg sildenafil 20mg
  28. fildena vs viagra - fildena vs viagra fildena vs viagra
  29. viagra direct - viagra direct viagra direct
  30. tadalafil online - tadalafil online tadalafil online
  31. viagra penis - viagra penis viagra penis
  32. viagra naturel - viagra naturel viagra naturel
  33. effects viagra for men - effects viagra for men effects viagra for men
  34. cialis generic from mexico - cialis generic from mexico cialis generic from mexico
  35. fda approved sildenafil online - fda approved sildenafil online fda approved sildenafil online
  36. step sister helps brother viagra - step sister helps brother viagra step sister helps brother viagra
  37. cialis hearing loss treatment - cialis hearing loss treatment cialis hearing loss treatment
  38. how to make viagra - how to make viagra how to make viagra
  39. sildenafil 20 mg side effects - sildenafil 20 mg side effects sildenafil 20 mg side effects
  40. cost of viagra per pill - cost of viagra per pill cost of viagra per pill
  41. mom and sister viagra help - mom and sister viagra help mom and sister viagra help
  42. mom give son viagra accident - mom give son viagra accident mom give son viagra accident
  43. viagra canada purchase - viagra canada purchase viagra canada purchase
  44. viagra cialis levitra sample pack - viagra cialis levitra sample pack viagra cialis levitra sample pack
  45. mandy flores viagra son - mandy flores viagra son mandy flores viagra son
  46. best generic cialis australia - best generic cialis australia best generic cialis australia
  47. viagra reviews reddit south africa - viagra reviews reddit south africa viagra reviews reddit south africa
  48. cheaeneric viagra free shipping - cheaeneric viagra free shipping cheaeneric viagra free shipping
  49. female viagra online purchase in india - female viagra online purchase in india female viagra online purchase in india
  50. cialis 100mg for sale - cialis 100mg for sale cialis 100mg for sale
  51. low cost generic viagra - low cost generic viagra low cost generic viagra
  52. cost daily cialis - cost daily cialis cost daily cialis
  53. vietnamese viagra south africa - vietnamese viagra south africa vietnamese viagra south africa
  54. cheap cialis super active - cheap cialis super active cheap cialis super active
  55. cialis for sale on amazon singapore - cialis for sale on amazon singapore cialis for sale on amazon singapore
  56. does cvs sell viagra south africa - does cvs sell viagra south africa does cvs sell viagra south africa
  57. alternatives to levitra - alternatives to levitra alternatives to levitra
  58. viagra boys a acheter - viagra boys a acheter viagra boys a acheter
  59. generic viagra white pill australia - generic viagra white pill australia generic viagra white pill australia
  60. cheap viagra generic best price - cheap viagra generic best price cheap viagra generic best price
  61. how usde porn movies all viagra tablets - how usde porn movies all viagra tablets how usde porn movies all viagra tablets
  62. buy tadalafil pills - buy tadalafil pills buy tadalafil pills
  63. generic cialis soft 20mg - generic cialis soft 20mg generic cialis soft 20mg
  64. buy sildenafil 20 mg online - buy sildenafil 20 mg online buy sildenafil 20 mg online
  65. best online viagra south africa - best online viagra south africa best online viagra south africa
  66. sildenafil for sale uk - sildenafil for sale uk sildenafil for sale uk
  67. cialis generico 40 order - cialis generico 40 order cialis generico 40 order
  68. cialis cost uk - cialis cost uk cialis cost uk
  69. levitra erection time - levitra erection time levitra erection time
  70. cialis 30 mg price - cialis 30 mg price cialis 30 mg price
  71. ivermectin for fleas - ivermectin 3mg stromectol and alcohol

Submit a Comment

Your email address will not be published. Required fields are marked *

Nelson The Great

Nelson The Great

Wrote this Article

We are a marketing and advertising agency in Kenya specializing in web design & development, creative graphic design, social media marketing, logo design, branding and social media account managing.

Most Viewed Posts