· Beijing prepares to seize Kenya’s port of Mombasa. Discussion in ‘Current Events’ started by RedTiger, Dec 28, Malaysia is neck deep in Chinese debt already, Srilanka has surrendered a port and now Pakistan is going that way as well so the Chinese have control over both the southeast Asian and Arabic trade routes.
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Chinese may take over Mombasa port: Ouko · Why Kenya's port is at risk from Chinese seizure · Will 2018's loud public debt alarm bells stop?. protected since the government waived immunity on the KPA assets by signing.
· This comes more than two weeks after President Uhuru Kenyatta, responding to a question from NTV’s Mark Masai during a live television interview on December 28 last year, promised to release the SGR contract to put to rest any “porojo” (rumours) that the Chinese could seize the Port of Mombasa.
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China may take Mombasa port over billion-dollar Kenyan debt: MOMBASA, KENYA – The Daily Nation reports that the Kenyan government might lose its prized port to China if it defaults on its billion-dollar debt. Kenya currently owes china .8.. news video on newsR on Friday, 11 January 2019
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Alarm flared in Kenya before Christmas at the prospect of a Chinese “takeover” of the country’s main port of Mombasa after a letter purportedly from Kenya’s auditor-general warned that China could seize the assets of the Kenya Ports Authority (KPA) if terms of China’s loan for a new railway were not met.
According to African media, Kenya may soon have to hand over control of its largest and most developed port in Mombasa to China, with other assets related to the inland shipment of goods from the port being potentially involved in the event of the location changing hands.
Cargo at a Kenya Ports Authority yard in Mombasa.. High govt debt constrains Kenya's credit profile · Kenya assets risk seizure by Chinese,
The Chinese government has finally spoken on seizing Mombasa port over debt owed by the Kenya government. The Asian nation dismissed.
The Chinese government has finally spoken on seizing Mombasa port over debt owed by the Kenya government. The Asian nation dismissed allegation that Kenyan government used Mombasa port as collateral for a loan to construction the Standard Gauge Railway (SGR).