As indicated by an announcement from the “stunned” government office, the transportation compartment of electronic hardware arrived void at Kenya’s parliament, cited Reuters. Kenya’s parliament authorities have declined to remark.
An examination has been propelled by the Kenyan police into the vanishing of the hardware whose worth has not been given.
Kenya is one of the principle recipients of China which is extending its association with African countries to help its financial standing. As of late, China put resources into the railroad connecting Kenya’s capital, Nairobi, to the coast and the megacity that will be situated in Kenyan capital, Nairobi.
The East African nation as of late neglected to get an advance of more than $3.6 billion to back the railroad between the urban communities of Naivasha and Kisumu, at that point to Uganda to lift exchange the sub-area.
In his latest visit to Beijing for the Belt and Road Initiative (BRI) forum, Uhuru Kenyatta had hoped to secure funding for the extension of the Chinese-built Standard Gauge Railway (SGR) project.
Instead, the government secured only Sh40 billion (about 395 million dollars) to revive an old meter gauge line to enhance the movement of goods from the dry Port of Naivasha to Western Kenya and other East African countries.
Kenya, in May 2014, entered into a deal to borrow $3.233 billion loan from China’s Exim Bank to build a 385km modern railway between the port city of Mombasa and the capital, Nairobi.
The Mombasa-Nairobi SGR project is meant to replace the meter gauge railway that was constructed more than 100 years ago during the British colonial rule. It is part of China’s Belt and Road initiative of massive global infrastructure projects, said the BBC.
According to a report by the Daily Nation, the five-year grace period given by the China Exim bank comes to an end this year. “Taxpayers will from June cough out Sh56.7 billion [about $600 million] or 0.7 per cent of the economy to the Chinese for funding the Nairobi Mombasa leg of the SGR,” the report added.
China has refused to lend Kenya more money towards the expansion of the project because the Mombasa-Nairobi leg of the project is not performing well as expected, experts say.
“China has realised that it has got into projects all over the world without due diligence so it has decided to take a keener look on its loan portfolio,” Robert Shaw, a public finance and policy expert was quoted by the Daily Nation.
Kenyans have, however, raised concerns about China’s footprint across the country. Many have blamed China for stealing local jobs, adding that Chinese investment brings racism and racial discrimination, and could saddle the country with uncontrollable debt.
Last October, President Kenyatta questioned why some Kenyans only focus on debt owed to China while there are other states that have lent money to the country.
“Why are we focusing ourselves only on one lender?” Kenyatta asked in an interview with CNN.
“As far as I am concerned, we have a very healthy mix of debt from the multilateral lenders – who are basically the World Bank and the African Development Bank – to bilateral lenders like Japan, China, France, all who are participating and working with us to help us achieve our objectives,” he added.
“We have an infrastructure gap that we need to fill and we are going to work with our partners across the globe who are willing to partner and to work with us.”