Kenya risks of losing assets of top corporations over Sh147 billion loan

Chinese President Xi Jinping (R) meets with Kenyan President Uhuru Kenyatta, who is here to attend the Second Belt and Road Forum for International Cooperation, at the Great Hall of the People in Beijing, China, April 25, 2019. [Xinhua]

Assets of at least eight State corporations risk seizure by lenders over Sh147.7 billion loan, Parliament warned yesterday.

The warning came even as President Uhuru Kenyatta pitched for more loans in China, where he is on a three-day visit to seek Sh368 billion to finance the extension of the Standard Gauge Railway (SGR).