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The finer details of Kenya's closely-guarded Standard Gauge Railway (SGR) deal with China have been revealed and, rightfully so, ignited a political storm.
According to the document released by Transport Cabinet Secretary Kipchumba Murkomen, the loan terms of the Sh670 billion project included a 2.0 per cent annual interest, with a further management and commitment fee at 0.25 per cent. The loan has a 20-year tenure during which goods bought with SGR proceeds would be sourced from China.
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