Kenya to pay China Sh30b for two railway loans this month

Passengers going to board the Standard Gauge Train or the Madaraka Express in Nairobi. [Wilberforce Okwiri, Standard]

Kenya will repay China close to Sh30 billion this month for the three loans borrowed to construct the Standard Gauge Railway (SGR).

Data from the National Treasury shows that Kenya will pay instalments for two loans for the Mombasa-Nairobi leg of the SGR and another for the Nairobi-Naivasha phase of the modern railway.