• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Kenya says China’s Exim Bank may finance $4.9 bln rail link with Uganda

samrack by samrack
December 4, 2016
in 2016, Africa, Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
Kenya says China’s Exim Bank may finance $4.9 bln rail link with Uganda
Share this
FacebookXPinterestEmailWhatsAppLinkedIn
A Section of Kenya’s Standard Gauge Railway. Photo/Courtesy

Kenya says China’s Exim Bank may finance $4.9 bln rail link with Uganda

China’s Exim Bank has expressed interest in financing the third section of Kenya’s planned rail link with Uganda at an estimated cost of $4.9 billion, a senior Kenya Railways official said on Friday.

China Exim Bank is already financing the first phase of the railway, from the Kenyan port of Mombasa to the capital Nairobi. Solomon Ouna, the railway’s project advisor, said that section is 98 percent complete and will start commercial operations in January 2018.

Also Read: Govt. orders inspection of Ruiru, Ruaka buildings

Kenya’s rail link with landlocked Uganda is expected to lower transport costs and boost trade. The first phase, covering 472 km, will cost $3.8 billion and cut the journey between Nairobi and Mombasa to four and a half hours from 13 hours or more currently.

 cya_yelweaalefr

Kenya signed an agreement in March with China Communications Construction Company (CCCC) to extend the railway to the town of Malaba on the Ugandan border. However, financing was not part of the deal.

“China Exim Bank has expressed an intention to finance this,” Atanas Maina, Kenya Railways managing director, told a news conference.

“From the Kenya Railways side, we have finalised the commercial agreement and we believe that in the course of next year, we may be able to close the financing of that particular section.”

The 370 kilometre (230 mile) third section, which will include a branch to the Kenyan town of Kisumu next to Lake Victoria, will cost $4.9 billion to construct and supply with locomotives and rolling stock, Kenya Railways said.

In October, Kenya Railways launched construction of the second phase of the railway, a $1.5 billion 120 km section linking Nairobi to the Rift Valley town of Naivasha.

China Export-Import Bank is a policy bank owned by the Chinese government. China has replaced the United States and Europe as the main trading partner for many African nations and is a big investor in infrastructure projects on the continent.

Source:Citizen Digital

 

Tags: Kenya says China’s Exim Bank may finance $4.9 bln rail link with Uganda
Previous Post

KFC OPENS ITS FIRST BRANCH OUTSIDE NAIROBI

Next Post

TRANSITION/DEATH ANNOUNCEMENT/MEMORIAL SERVICE OF Mr. S. T. Mwangi of Kenya,was a brother to Loise Mwangi and Susan Mwangi of Lowell,Massachusetts

Related Posts

President William Ruto during the launch of the Africa Green Industrialisation Initiative (AGII) on Saturday. Image: PCS
News

Ruto secures Sh682 billion for green development projects at COP28

December 2, 2023
Assistant Secretary of State for International Organization Affairs Sison’s Travel to Ghana
Africa

Assistant Secretary of State for International Organization Affairs Sison’s Travel to Ghana

December 2, 2023
Benson Mbugua Hinga through a tragic road accident in San Diego California on Monday night .
Diaspora

Memorial Service planned for the late Benson Mbugua Hinga Sunday December 3rd 2023 Family Baptist Church 438 Main Street Medfield Massachusetts from 4pm to 6pm

December 2, 2023
Mama Alice Wangui Mwaniki, in Nairobi, Kenya.
Diaspora

Promotion To Glory Alice Wangui Mwaniki

November 29, 2023
Benson Mbugua Hinga
Diaspora

Transition/Death Announcement of Benson Mbugua Hinga beloved son of Ben mbugua (uncle ben) and Lucy mbugua of Natick Massachusetts

November 29, 2023
Presidency Kenya/X Kenya's President Ruto has popularised the Kaunda suit
Africa

Kenya’s Parliament Enforces Dress Code Regulations, Restricts Kaunda Suits Within Premises

November 29, 2023
Next Post
TRANSITION/DEATH ANNOUNCEMENT/MEMORIAL SERVICE OF Mr. S. T. Mwangi of Kenya,was a brother to Loise Mwangi and Susan Mwangi of Lowell,Massachusetts

TRANSITION/DEATH ANNOUNCEMENT/MEMORIAL SERVICE OF Mr. S. T. Mwangi of Kenya,was a brother to Loise Mwangi and Susan Mwangi of Lowell,Massachusetts

Please login to join discussion
IKAN Business Partners IKAN Business Partners IKAN Business Partners
ADVERTISEMENT
ADVERTISEMENT
https://samrack.com/master-planned-and-fully-serviced-gated-communityherencia-is-a-premier-50-by-100-master-planned-gated-community-on-100-acres-along-bob-harris-road-off-thika-superhighway-exit-16/ https://samrack.com/master-planned-and-fully-serviced-gated-communityherencia-is-a-premier-50-by-100-master-planned-gated-community-on-100-acres-along-bob-harris-road-off-thika-superhighway-exit-16/ https://samrack.com/master-planned-and-fully-serviced-gated-communityherencia-is-a-premier-50-by-100-master-planned-gated-community-on-100-acres-along-bob-harris-road-off-thika-superhighway-exit-16/
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT

Latest News

Ruto secures Sh682 billion for green development projects at COP28

Assistant Secretary of State for International Organization Affairs Sison’s Travel to Ghana

Memorial Service planned for the late Benson Mbugua Hinga Sunday December 3rd 2023 Family Baptist Church 438 Main Street Medfield Massachusetts from 4pm to 6pm

Promotion To Glory Alice Wangui Mwaniki

Transition/Death Announcement of Benson Mbugua Hinga beloved son of Ben mbugua (uncle ben) and Lucy mbugua of Natick Massachusetts

Kenya’s Parliament Enforces Dress Code Regulations, Restricts Kaunda Suits Within Premises

Engineer Hazel Wachira: Kenyan woman who turned Dreamliner into a cargo plane

Transition/Death Announcement of Mama Alice Wangui Mwaniki, in Nairobi, Kenya. Mama is mother to Nduta Mwaniki, and mother in-law to Joseph Oyugi, of Colorado

The United States Joins Kenya for Second Cyber and Digital Dialogue in Nairobi

Mixed fortunes as bipartisan talks end with no deal on cost of living

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Retired President Uhuru Kenyatta in Mwingi on November 19, 2023 Image: HANDOUT

Don’t blame me for your failures, Uhuru tells Ruto

by samrack
November 19, 2023
0

Don't blame me for your failures, Uhuru tells Ruto Former President says government should instead address problems facing Kenyans instead...

Kenya-Led UN Force Deploys to Haiti Amidst Security Concerns

A step closer to Kenyan police deployment in Haiti

by samrack
November 19, 2023
0

A step closer to Kenyan police deployment in Haiti Kenya's National Assembly has approved the deployment of 1,000 police officers...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.030 seconds. Stats plugin by www.blog.ca