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As a middle-income country, Kenya is moving beyond the world of foreign aid. China Eximbank operates like a commercial bank. Understanding this world requires new tools and language. Chinese loan contracts allow disclosure when required by borrowers’ laws. Kenya's Constitution is ambiguous on...
Persistent link: https://www.econbiz.de/10013253237
In December 2018, a leaked letter from Kenya's Auditor General warned that the Kenya Ports Authority's assets - of which Mombasa Port is the most valuable - risked being taken over by China Eximbank if Kenya defaulted on the Standard Gauge Railway loans. The rumor that Kenya had used Mombasa...
Persistent link: https://www.econbiz.de/10013206379