MPs want deal mortgaging Mombasa port to China reviewed

kenya ports authority mombasa
[Image source: TradeMark East Africa]


Business Daily | by Samwel Owino


Members of Parliament now want a clause in the Sh364 billion Standard Gauge Railway (SGR) loan contract with China that attaches the Port of Mombasa as collateral to be reviewed.

The National Assembly Public Investments Committee (PIC), in a report tabled before the House, says the loan agreement was skewed against the Kenya Ports Authority (KPA) and should be renegotiated…

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