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SGR loans headache: Gladys Boss Shollei on SGR contract dispute

8th November, 2022

At the close of the last financial year, Kenya was rumoured 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.