Pressure on taxpayers as SGR loan falls due

Kenya is gearing up for bigger loan repayments to China as a five-year grace period that Beijing extended to Nairobi for the standard gauge railway (SGR) funds ends.

Repayment of the principal loan extended to Kenya for the first phase of the railway project kicks off next month, according to an agreement signed with the Exim Bank of China on May 11, 2014.