Debt repayment of Sh50.9 billion ($409.9 million) for the Standard Gauge Railway (SGR) in mid-January coincided with the beginning of a major drop in Kenya’s foreign exchange reserves.
An external debt repayment tracker by the World Bank shows that Kenya paid interests and principal of Sh15.4 billion ($124.4 million) and Sh35.4 billion ($285.4 million) respectively in January, a period when most of the payments for the SGR fall due.
