One Belt, One Road, One Big Debt Problem: Kenyan Railway Project
The construction of the Mombasa-Nairobi Standard Gauge Railway (SGR) in Kenya started off with much enthusiasm. A project funded primarily by Beijing, the SGR now remains incomplete, as the Chinese government is withholding funds needed to finish the project. Cold feet In May 2014, the Exim Bank of China, a state-owned enterprise, sanctioned loans covering ...