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Archive for December 27th, 2018

Kenya | Chinese Govt Speaks on Seizing Mombasa Port Over Debt

Posted by addisethiopia / አዲስ ኢትዮጵያ on December 27, 2018

The Chinese government has finally spoken on seizing Mombasa port over debt owed by the Kenya government.

The Asian nation dismissed allegation that Kenyan government used Mombasa port as collateral for a loan to construction the Standard Gauge Railway (SGR).

We have checked with the relevant Chinese financial institution and found that the allegation that the Kenyan government used the Mombasa port as a collateral in its payment agreement for Nairobi-Mombasa railway is not true,” a statement issued by Foreign ministry spokeswoman Hua Chunying stated.

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