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Kenya Should Go Slow on Loans

Kenya is currently one of the countries in Africa with the highest Chinese debt, the country has been depending on loans to improve it's infrustructure in order to achieve it's developement goals of becoming a fully industrialized country by 2030 but this loans are very dangerous when they are not taken by care.

Kenya has more than 800 billion Kenya shillings Chinese debt which includes the over 600 billion Kenya shillings debt that was used to construct the Standard Gauge Railway (SGR) from Mombasa to Naivasha vie Nairobi, Mombasa port was put to secure the loan meaning if Kenya will fail to pay the loan China will take the ownership of the port for a certain period of time.

We should learn what happened to Sri Lanka's port of Hambatonta which was taken by China and China will own it for a period of 99 years after the country failed to pay it's dept.

Content created and supplied by: Kevin.n (via Opera News )

Africa Chinese Hambatonta Kenya Mombasa


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