Chinese Govt Speaks on Seizing Mombasa Port Over Debt

The internet is literally on fire after a letter by Auditor-General Edward Ouko stated that Exim Bank of China may take over the Mombasa port if Kenya fails to service the loan it took to build.

China could seize Kenya port over unpaid debt: The Daily Nation reports that the Kenyan government might lose its prized port to China if it defaults on its billion-dollar debt. News video on newsR on Tuesday, 15 January 2019

Kenyans reported that 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.

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If Kenya defaults on a 2bn euro debt to China, it may have to hand over Mombasa’s port to the Asian giant. A leaked copy of the contract Kenya signed with China for the construction of the giant.

The Auditor General revealed that Exim bank of China may take over the Mombasa port if Kenya fails to service the loan it took to build Standard Gauge Railway (SGR). In a letter to the Kenya Ports Authority (KPA) managing director, the auditor noted that the port’s revenue was pledged to pay Kenya’s debt to the Chinese.

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Perceptions of other global superpowers, such as the European Union, Russia, Germany, and China were included as well. s “anti-Islamic” and Westernizing government. In 1979, Iranian revolutionaries.

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3-Jan-19 World View — China may seize Kenya’s Mombasa Port as debt repayments triple Kenya’s debt repayments to China triple in July by John J. Xenakis This morning’s key headlines from Kenya’s debt repayments to China triple in July

In a statement Friday, China’s Ministry of Foreign Affairs dismissed as "not true" numerous reports that a key port in Mombasa was at risk of being seized by Beijing over. concerns over the loans.

The massive, cumulative capital gap — to seize a $1.7 trillion export opportunity over the same period. some level of government involvement was necessary, unlike in the resources sector, where.

The Kenyan government used the Mombasa port to secure the. Kenya Ports Authority (KPA) exposed to seizure by the Chinese in the event of a default.. the highest risk of losing strategic assets to China over a pile of debt.