What kind of deal did Kenya and China get into to have the SGR project up and running?

At the close of the last financial year, Kenya was rumored to have defaulted on a scheduled payment for an assortment of Chinese financiers behind the Standard Gauge Railway, a claim vehemently denied by former Treasury boss Ukur Yatani.

The denial aside, the consequences of default, like any other high-interest loan, posed a potential danger to the county’s economic well-being hence the alarm these reports caused.