SGR contract holds Kenya’s assets at risk in case of debt default

January 14, 2019 0 By Adam Musyoki

Silence, from government, has met revelations that none of Kenya’s assets are immune from seizure should she default on her loan from China for the Standard Gauge Railway.

While President Uhuru Kenyatta has vehemently denied that Kenya put up the Port of Mombasa as collateral for the loan, it has emerged that the terms of the contract reach much further.

Kenya has not only given up any claim of immunity on grounds of sovereignty, she has subjected herself to the laws of China in the execution of the contract.