Chinese envoy: No Kenyan assets have been mortgaged for SGR loan

Chinese ambassador to Kenya Wu Peng speaking to the Daily Nation at the Chinese Embassy in Nairobi. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP

What you need to know:

  • Let me declare this: There is no secret between the Chinese and Kenyan governments.

  • Any loan agreements between China and Kenya are in line with international practice.

  • None of Kenyan national assets has been mortgaged for the SGR loan and neither would any national asset be seized or controlled by China, even in a situation of default.

New Chinese ambassador Wu Peng arrived in Nairobi six weeks ago and even before settling down, was sucked into the maelstrom of Kenya’s failure to secure funding for the final phase of the Standard Gauge Railway onward to Kisumu.

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