President Kenyatta has trashed reports that the Mombasa port was used as collateral to secure Standard Gauge Railway (SGR) loan from China Exim Bank.
Speaking during a roundtable interview at State House, Mombasa, Kenyatta has termed the reports as propaganda, noting that the country is ahead on its repayment schedule for the loan.
“You have seen the Chinese Government say that nothing like that exists. If you want a copy of the contract we have with China I can get it to you tomorrow,” says President Uhuru.
President Uhuru explains that what exists is a deal between the Kenya Railways and Kenya Ports Authority (KPA) for transportation of cargo via the Standard Gauge Railway (SGR) where possible.
Kenyatta also says Kenya and China agreed on the movement of six cargo trains per day on the SGR in the first year of service but notes that the number has increased to 11, way beyond what was agreed.
The President maintains that the government will continue to borrow from China and other countries in order to develop the country.
“I will continue to borrow to develop the country,” he notes.
“We are opening up roads across the country and a railway line that never existed 50 years ago. The debt we are incurring is for development projects that will not only benefit this generation but future ones as well,” he adds.
You have forced all…
You have forced all importers to use SGR and the inland container depot. If it were not for that there would be not a single cargo train on SGR as it is more expensive than road transport. SGR is benefiting the chinese not Kenya.
Pombe kila saa
Uhuru Kenyatta is a thief.
Uhuru Kenyatta is a thief.
He’s lying.
1. All the…
He’s lying.
1. All the contracts with China need to be made public.
2. All government loans need to be made public.
Secession will make all this information public.
Borrowing for development is…
Borrowing for development is the desirable part of the national conversation. However there is rampant stealing on the other side of the same country’s coffers. The corruption and impunity are bottomless pits insatiable of any amount of inflow. The plunder undermines the same investments we are making as a country. Until the loopholes are sealed the bigger the inflow of cash the bigger the siphon holes become.
@Diana usa die hard let me…
@Diana usa die hard let me remind u usa owes china more than 7 trillions even the kids who r not yet born owes chinese thousands of $$.We ran away to usa juu there were roads,railway,electricity do u think they fell from jute sky??Usa had to borrow heavily which they do today to keep tr security in check?Do u know how much usa have borrowed to china for the army to remain in syria n other countries???@Jamama i use sgr to ship by vegetables n milk to coast n it’s way way cheaper than truck?When i gets my stuff from china/turkey zikifika mombasa i use sgr nazichukua embakasi which is way way cheap than using the truck so please do yr homework right instead ya kupayukapayuka?Kweli diasporas especially wenye wako usa r big haters of the country they come from???Be negative with facts n be positive on what is working well.We will thank uhuru in the next 10 years juu this sgr will serve us for 100 years?We spoke shit when kibaki did thika superhighway!Today we praise him on constructing it???Wr sometimes useless pple
If SGR is cheaper why did he…
If SGR is cheaper why did he issue a presidential directive that all containers be shipped to ICD. Think!!!
@Jamama u can use sgr or use…
@Jamama u can use sgr or use truck my bratha that’s what we the bizness pple r doing here.Hakuna kulazimishwa!Also as the president he can give any presidential directive as per the constitution so he hasn’t broken the law if he did that?Any president in any country has the power to presidential directive!Maintaining Mombasa rd has become very cheap now juu wr not having many issues compared with b4.10 years ago container from mombasa to nairobi we were paying 70-80k today wr paying 30-40k n it’s delivered within hours so if this is what u call presidential directive of slashing everything into half then let it be.
Ignorant statement from you…
Ignorant statement from you again. Blind support for Jubilee is destroying Kenya
https://www.standardmedia.co.ke/article/2001270942/state-orders-ship-agents-to-transport-goods-on-sgr