Despite the heavy debt burden and public criticism of the Standard Gauge Railway, the government could be repeating the errors with the Sh700 billion SGR extension to Kisumu and Malaba.
President Ruto and President Yoweri Museveni during the launch of the Kisumu-Malaba SGR railway extension. [File, Standard]
Despite the heavy debt burden and public criticism generated by the initial phases of the Standard Gauge Railway (SGR), the government could be repeating the errors with the Sh700 billion extension of the railway to Kisumu and Malaba.
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The bond is tax-exempt and will be cross-listed in the regional markets, including the Nairobi Securities Exchange.
The William Ruto government released part of the loan documents related to the railway in November 2022, when it was less than a…
State-owned corporation’s losses cloud the performance of the standard gauge railway.
The Riruta-Ngong MGR line was commissioned in December 2023. Mr Omtatah and the association contend that funds from the Railway…
The extension will allow Kenyans to board trains in the CBD instead of travelling to Syokimau as has been the case.
The Principal Secretary for Transport argued that releasing the records could cripple the government’s ability to implement its…
