Kenya denied loan by France

President Uhuru Kenyatta failed to secure loan from France to finance the construction of a railway line linking Jomo Kenyatta International Airport (JKIA) to Nairobi’s central business district during his last week’s visit to Paris, delaying the €128 million (Sh16.3 billion) infrastructure plan.
Kenya was expected to ink the deal during President Kenyatta’s two day visit but Transport Cabinet Secretary James Macharia said the trip did not bag the deal, which was expected to fund the construction of the five kilometre metre-gauge line linking the airport to standard-gauge rail (SGR) terminus in Syokimau.
“No agreements were signed, we just reviewed progress towards the launch of the project,” CS Macharia said.
The president’s previous visits to the French capital had signaled that an agreement on the loan would have been closed by June 30 when he was back in France.
Failure to secure the loan now spells doom for the project that was initially set for August according to the talks between French President Emanuel Macron and President Kenyatta in March 2019. A number of French investors also signed deals worth over Sh300 billion when Macron visited Nairobi but French-Chinese rivalry over the railway deal has continued to play out.

Mlisema you dont want more loans.

This is good news

Debt stands at 70% of GDP. Univ of Nairobi has 5 DVC’s. We are fukced. Wasipewe loan

Hapo safi. Njezembel atashikwa na presha aki ya nani

Msijali. Russia will give us that loan. France have problems here n there. Oil prices are rising. Putin, being a friend , will throw us a little something.
But Uhuru should have done one thing. He should have extended that rail to Kitengela. That would be a game changer.

Maloan zikiendelea kunyongwa hivi utakuwa unatumiwa 500 bila 27 ya kutoa Mr 527

wavuta nini unigawie

Relax. It’s coming.

Good news, there is too much focus on the capital instead of developing other areas to curb the migration to NRB.

Also Uhuru shouldn’t be given anymore loans since he has no strategy, plan or desire to repay loans.

Will hasla take loans if he becomes rais?

Si loan ilikua yakujenga Rironi to Mau Summit Highway, ama nilisikia zangu mimi?

Hapo president manu amefanya jambos…

Wacha mkae na traffic jam and overlapping on that road. You don’t need more loans. Mpambane na hali yenu.

Kuwaelewa WaKenya ni kazi. It requires genius. WaKenya, especially wa kizazi hiki, ni viumbe wazito!

makei wewe mbwa ghaseer takataka

These countries know Uhuru is going home,they are just setting the ground so that when a new regime comes in,they conclude the deals.

Look at China,walianza kurusha mtama hapa na pale,then Uhuruto came and the rest is well documented.