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How SGR tax saved Kenya from mortgaging Mombasa port

Pacific International Shipping Line (PIL) Kenya assistant manager Siva Kumar (right) and Kenya Railways Business, Commercial and operations expert James Siele (second right) flag off an SGR freight cargo wagon loaded with one hundred and eight containers belonging to PIL Kenya, April 28, 2018.  [File, Standard]

 

A scheme put in place by a Chinese bank for the repayment of the Sh591.8 billion loan for the Standard Gauge Railway (SGR) might be responsible for the increase in the cost of living.

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