Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya eyes Sh390bn bond to fund SGR extension to Malaba
An SGR passenger train departs from the Miritini station in Mombasa, bound for Nairobi on July 7, 2025. To fund the SGR extension to the Ugandan border, the State could issue two bonds to raise about $3 billion (Sh387 billion) for the railway line.
The government is eyeing a 15-year mega bond worth Sh390 billion to fund the extension of the standard gauge railway (SGR) from Naivasha to Malaba, signalling China’s unwillingness to finance the project.
Roads and Transport Cabinet Secretary Davies Chirchir said the State is considering issuing a securitised bond, where investors would be paid using the Sh39 billion collected annually from the Railway Development Levy (RDL), a 1.5 percent tax imposed on all imported goods.
