Chinese firm lends Kenya Sh25bn to electrify SGR

Kenya Railways Corporation MD Atanas Maina (left) and Ketraco managing director Fernandes Barasa. PHOTOS | FILE | NMG

Kenya has signed a $240 million (Sh24.4 billion) loan to electrify the standard gauge railway (SGR) in a move that is expected to push it up to scale with rival lines being built in neighbouring Tanzania and Ethiopia.

Money for the upgrade, which has been sourced from a Chinese company, is being funnelled through the Kenya Electricity Transmission Company Limited (Ketraco).

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Note: The results are not exact but very close to the actual.