Fundi kitasa
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Acha tumuone kwenye kipande cha isaka Mwanza
Cost comparison SGR Kenya vs SGR Tanzania
Cost comparison SGR Kenya vs SGR Tanzania
- Thread starter Geza Ulole
- Start date
Acha tumuone kwenye kipande cha isaka Mwanza
Geza Ulole
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Mjapan sidhani! Mjapan ana-finance miradi ya Kenya mostly! Nadhani hamna raport nzuri kati ya GoT na GoJ! Nahisi katika phases zilizobaki kuna uwezekano hata moja Mchina aka-finance ni kama wiki iliyopita kuna uwezekano wa China Railway Construction Company Ltd (CRCC) kuhusika!
Fundi kitasa
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- Mar 17, 2021
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Fundi kitasa
JF-Expert Member
- Mar 17, 2021
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Ila inafaa tufanye juu chini ifiki kigoma aisee nmecheki sehemu wachina wanasafirisha cobalt kutukoa Southern drc mpaka bandari ya darbun ili kuisafirisha China imeniuma kweli
Omary - Msamalia
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So mtaanza upya kuweka umeme??Najua watanzania hua mnapenda kusema wakenya tuna ujeuri, sijui tunapenda kujigamba... tuko arrogant........ Its not arrogant when you are telling the truth.. Kuongea fact sio kujigamba.. Its just fact!!!
Kwenye madaraja yote ya Kenya kuna sehemu flani imetengewa nguzo za stima...
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Haya hapa madaraja ya CHina ambayo yako na nguzo za stima. Kama unavyoona, yanapitia sehemu hio hio
Hii hapa ni picha ya flat wagon ya Kenya ilipokua inasafirishwa kutoka kwa kiwanda hadi kwa port huko China, Ukiangalia hapo nyuma unaona daraja ambalo linafanan kabisa na lile la Kenya, tofauti ni kwamba hilo liko na nguzo za stima
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Kwahivyo kama nilivyosema hapo awali, Hakuna sehemu ambayo watabomoa wakiamua kuswitch from Diesel to electric powered locomotive, reli itabaki ile ile, standard itabaki vile vile, kitakachogeuka tu ni treni,... sio reli.
Ila Kenya
🤣🤣🤣🤣🤣🤣
Just a small stretch of railway why not build by your own money.
SGR:Lobbying For Another Loan From China
BelieverRian
Sep 5, 2021 4:58 PM
[https://res]
Among the East African countries that has requested a loan to complete the Standard Gauge Railway (SGR) between Naivasha and Kampala, Uganda,Kenya is one among them.
According to a report published by the South China Morning Post on Sunday, September 5, the countries planned to make their finance pitch to China.
Kenya, Uganda, Rwanda, and South Sudan are among the countries due to make their case at the Forum on China-Africa Cooperation (FOCAC) summit in Dakar, Senegal.
This is set to take place in 2021 at a later date.
[https://res]
Countries who were intended to benefit from the project are attempting to complete it from Mombasa to Uganda.
In 2014, the East African nations banded together to acquire a loan for the project from China's Export-Import Bank (China Eximbank).
The bank sanctioned Ksh320 billion for the SGR project from Mombasa to Nairobi at the time, with an extra Ksh150 billion for an extension to Naivasha, which has since stagnated.
After asking Kenya to conduct a feasibility study for the project, Eximbank is claimed to have delayed its continued support for the project.
South Sudan,the Democratic Republic of Congo and Rwanda were all planned to be connected by the railway.
Chinese experts however informed the publication that the Asian country is quite likely to reject the East African countries' request for participation in the event
SGR:Lobbying For Another Loan From China
BelieverRian
Sep 5, 2021 4:58 PM
[https://res]
Among the East African countries that has requested a loan to complete the Standard Gauge Railway (SGR) between Naivasha and Kampala, Uganda,Kenya is one among them.
According to a report published by the South China Morning Post on Sunday, September 5, the countries planned to make their finance pitch to China.
Kenya, Uganda, Rwanda, and South Sudan are among the countries due to make their case at the Forum on China-Africa Cooperation (FOCAC) summit in Dakar, Senegal.
This is set to take place in 2021 at a later date.
[https://res]
Countries who were intended to benefit from the project are attempting to complete it from Mombasa to Uganda.
In 2014, the East African nations banded together to acquire a loan for the project from China's Export-Import Bank (China Eximbank).
The bank sanctioned Ksh320 billion for the SGR project from Mombasa to Nairobi at the time, with an extra Ksh150 billion for an extension to Naivasha, which has since stagnated.
After asking Kenya to conduct a feasibility study for the project, Eximbank is claimed to have delayed its continued support for the project.
South Sudan,the Democratic Republic of Congo and Rwanda were all planned to be connected by the railway.
Chinese experts however informed the publication that the Asian country is quite likely to reject the East African countries' request for participation in the event
Geza Ulole
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wewe sio ujifunze jinsi ya ku-post? Angalia tofauti...
East Africa to seek Chinese funds for modern regional trains at Senegal summit
- The next stage of a regional railway project in East Africa is on hold
- China Eximbank asked Kenya to redo a feasibility study to prove its commercial viability before it extends financing
Jevans Nyabiage
+ FOLLOW
Published: 8:00pm, 4 Sep, 2021
Kenya President Uhuru Kenyatta (centre) waves the national flag during the official launch of the Nairobi to Naivasha standard gauge railway passenger train in Nairobi, Kenya, on October 16, 2019. Photo: EPA-EFE
When the Forum on China-Africa Cooperation (FOCAC) summit is held in Dakar,
Senegal later this year, East Africa will be hoping Beijing will help revive the dream of building a modern regional railway.
China has cumulatively committed US$120 billion in the past two FOCAC meetings, but analysts said China might not be as generous as in past events, meaning the project may once again miss out on Chinese funding.
In 2014, Kenya, Uganda, Rwanda and South Sudan agreed to build a standard gauge railway line from the coastal city of Mombasa to Malaba – the western border town with Uganda – to Kampala, the capital of Uganda. The Ugandan railway was then to link neighbouring countries of Rwanda, South Sudan and the mineral-rich Democratic Republic of Congo.
Export-Import Bank of China (China Eximbank) initially agreed to fund the mega project as part of the Belt and Road Initiative, but it has since become more cautious in funding construction of the railway.
China Eximbank funded the first leg of the standard gauge railway from the port of Mombasa to the capital Nairobi for US$3.2 billion and an extension to Central Rift Valley in Naivasha for US$1.5 billion. Then the project stalled. The next stage of the railway, to Kisumu and on to the Malaba border crossing with Uganda, is now on hold.
The bank asked Kenya to redo a feasibility study to prove its commercial viability before it extended financing. That was in 2018 during the FOCAC meeting in Beijing.
Likewise, Uganda is yet to secure funding from the same bank for its part of the project, forcing the two countries to start rehabilitating their metre-gauge tracks, built at the turn of the 20th century.
For the past two decades, Chinese policy banks – China Eximbank and China Development Bank – have poured billions of dollars into Africa’s infrastructure. But that lending is shifting.
Observers said East Africa was likely to see smaller and more bankable projects and equity investments by China, perhaps through public private partnerships in areas like power production and tollways. Covid-19 may have also accelerated this trend as many African countries have fallen into debt crises. Beijing is also likely to focus more on providing grants rather than loans to nations already mired in debt distress.
Benjamin Barton, an assistant professor at the University of Nottingham’s Malaysia campus, said that there seemed to be a trend of pulling out investment from the continent and channelling it closer to home, such as in Southeast Asia.
He said that the forecasts for profit-making from large-scale projects in Africa had started to weigh more heavily on the decision-making and risk-taking regarding project financing, especially now with the economic and financial complications triggered by the pandemic.
China Eximbank funded the first leg of the standard gauge railway from the port of Mombasa to the capital Nairobi. Photo: Xinhua
“These policy banks have forged their reputation in parts of the world such as Sub-Saharan Africa by wanting to take the financial risk others were not willing to take,” Barton said. “It could be that the appetite for risk is weakening as these policy banks learn the lessons that their previous financing model was perhaps too liberal in scope.
“Going forward, I would still expect Eximbank and [China Development Bank] to be at the forefront of financing for large-scale projects on the continent but with the caveat of displaying a greater degree of caution, especially towards projects which may be sold as more political than financial in nature.”
Padraig Carmody, a professor at Trinity College Dublin, said countries along the route of the Belt and Road Initiative had an average “junk” credit rating, meaning that lending to many of these countries was always going to be risky.
“While some projects have performed well, many have not and this has resulted in domestic and international controversies about these banks’ lending practices and so-called debt-trap diplomacy,” Carmody said.
Given the underperformance of many projects, and associated risks and geopolitical backlash, overseas lending from these banks had been curtailed dramatically in recent years, he said. The Kenya railway project has been criticised as a white elephant.
“Some lending will continue as these banks are too important to the Belt and Road Initiative for it to stop completely but … it is likely to refocus on smaller, more bankable projects such as renewable and distributed energy systems and perhaps digital infrastructure that will not have the same risks attached to them,” Carmody said.
In 2019, Chinese lending to African countries fell to US$7 billion from a peak of US$28.3 billion in 2016, according to the China Africa Research Initiative at Johns Hopkins University.
Carmody said Africa had become less important in economic terms to China in recent years, including being a source of oil imports.
However, Carmody said, “the continent has arguably risen in geopolitical importance as trade, security and other tensions rise with some Western powers. This suggests a greater role for aid in the relationship going forward in order to cement influence, support, and geopolitical alliances on the continent.”
Barton said that he would be surprised to see a FOCAC meeting where no to little financial engagements were made.
“Usually big numbers are floated around but when looking into the specifics of these numbers, it’s not always clear if the proposed contributions are new or whether the figures consist of promises of new financing or existing financing recycled from previous pledges,” Barton said.
“[But] I doubt the figure this time around will be US$60 billion as it was in 2020,” he said.
A train on the standard gauge railway line financed by the Chinese government in Kimuka, Kenya on October 16, 2019. Photo: Reuters
Yun Sun, director of the China programme at the Stimson Centre in Washington, said Chinese policy banks had been more cautious in Africa, but as policy banks, they were still to support the government policy agenda.
“We have seen more strict decision-making process in the funding decisions, but the most important projects will still get the funding needed,” Sun said.
Sun said that because of Covid-19 and the financial hardships the region suffered, there was more need for Chinese funding.
“We will have to see how much China is willing to commit this time around. I would not be surprised if it is lower than the last time around,” Sun said. However, “if China really wishes to strengthen its image as the responsible great power leader, I think it might even enhance its funding”.
Wu Peng, director general of the Chinese foreign ministry’s department of African affairs, said in an interview with the China Africa Project that “due to the Covid-19 global economic recession, the investment and financial support for large-scale infrastructure projects in Africa have become more cautious from both sides: the Chinese and African sides”.
“This is understandable, but we are trying to find a new way to navigate ... we encourage Chinese companies to join the government efforts in this regard,” Wu said.
For example, “adopt models such as build-operate-transfer or private participation in infrastructure projects considered to reduce project size, to make it more economically feasible”.
Geza Ulole
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Geza Ulole
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China keeps key Eastern African state of Kenya on tenterhooks
Dipanjan Roy Chaudhury
Synopsis
The Kenyan Treasury says it decided not to seek an extension of the debt relief beyond June 2021 and claimed that Kenya was fully paying the Exim Bank of China, which had funded the construction of the SGR. Chinese lenders, especially Exim Bank, were uncomfortable with Kenya’s push for extension of the debt service suspension with the developed nations.
The G 20 countries, rescheduled payments of 32.9 billion Kenyan Shillings in principal and interest due between January and June to the next four years with a one- year grace period.
In the Chinese mind, Africa is a backward continent that is to be exploited for its
natural resources and used as a platform to give Chinese companies the opportunity to invest and create infrastructure that is more useful to China than the host country. Kenya is a classic example of an African nation which has gone deep into debt with China. Recently, it withdrew its request for China to extend debt repayment holiday to December 2021. This happened in the wake of opposition from Chinese lenders that froze disbursements to local projects. Thus, Kenya was forced to drop its push for debt repayment holiday extension fearing a strain in relations with its largest foreign creditor.
The Kenyan Treasury says it decided not to seek an extension of the debt relief beyond June 2021 and claimed that Kenya was fully paying the Exim Bank of China, which had funded the construction of the Standard Gauge Railway (SGR). Chinese lenders, especially Exim Bank, were uncomfortable with Kenya’s push for extension of the debt service suspension with the developed nations. This prompted delays in disbursements to projects funded by Chinese financiers. The Chinese Embassy in Nairobi acknowledged that there was hitch in the funding, adding that the matter was being addressed by officials of the two countries.
Data from the Central Bank of Kenya shows that foreign exchange reserves dropped by 35.2 billion Kenyan Shilling between 15 July and 21 July. World Bank data shows that the only major debt repayment for Kenya in July 2021 was for loans linked to SGR, signalling re-payment of Chinese loans. Chinese- funded projects faced a cash crunch in June 2021, with contractors reporting delayed payments from banks like Exim Bank of China. Amidst news of Kenya’s inability to pay its SGR debt, reports also indicated that the Chinese operator of SGR had demanded billons of Kenyan Shillings in unpaid bills before handing over the project fully to Kenya.
Pertinently, Africa Star NSE -0.24 % Railway Operation Company Ltd (Afristar), the Chinese-owned company contracted to run train services, has listed clearing of its debts as a pre-condition, before SGR operations can be transferred to Kenya in May 2022. The Kenyan Parliament in 2020 revealed that Kenya had not paid 38 billion Shillings to Afristar, which is owned by China Road and Bridge Corporation. Afristar had been contracted in May 2017 to run the passenger and cargo trains on the SGR. The total amount that Kenya borrowed from China to build the SGR, is actually close to 420 billion Kenyan Shillings, mainly to build the railway line from Nairobi to Mombasa and for purchase of engines and coaches.
The SGR line began operations in 2017. Subsequently, it was linked to another new track to Naivasha, also funded by Chinese loans amounting to US$ 1.5 billion. China is one of Kenya’s biggest foreign creditors, having lent 758 billion Shillings in April 2021 to build rail lines, roads and other infrastructure projects in the past decade. The SGR operation agreement requires the Kenyan government to provide for a fixed service monthly payment, which is made quarterly in advance, at a rate of US$ 28.8 million (3.12 billion Kenyan Shilling). Apart from the operating fees, Kenya is obligated to honour repayment of the 324 billion Kenyan Shillings it borrowed for the project from the Exim Bank of China (May 2014). It started repaying only in 2020, after the expiry of the five-year grace period.
The terms and conditions of China's loan deals with developing countries are unusually secretive. One aspect of note is that they require borrowers to prioritise repayment of Chinese state-owned banks, ahead of other creditors. Reuters had earlier revealed number of such contracts with specific T&C. The Reuters story gives information about a dataset, compiled over three years by Aid Data, a US research lab at the College of William & Mary, Virginia. The dataset comprises 100 Chinese loan contracts with 24 low- and middle- income countries, number of which are struggling under mounting debt burden amid the economic fallout from the Covid-19 pandemic. A portion of China’s loans to Kenya have been made on a commercial basis by government agencies. Therefore, while China is a member of the G 20 and a signatory to the deal, it cannot apply the same terms as the G 20 countries, while reserving the right on the size and which loans will attract the moratorium. The challenge that Kenya faces that it needs to settle the billions of shillings in unpaid bills or restructure the liability into a debt that will be repaid over a longer period. Either way, it drags the nation further into debt.
The dataset contains several unusual features, including confidentiality clauses that prevent borrowers from revealing the terms of the loans, informal collateral arrangements that benefit Chinese lenders over other creditors and promises to keep the debt out of collective restructuring. In January 2021, China and other rich countries under the Debt Service Suspension Initiative (DSSI) gave Kenya a six-months debt repayments relief.
Kenya had already sought for an extension of the public loan repayment relief under the G 20 debt suspension initiative to December, from the initial deadline of June, saving an additional 39 billion Kenyan Shillings (US$ 361 million). The G 20 countries, rescheduled payments of 32.9 billion Kenyan Shillings in principal and interest due between January and June to the next four years with a one- year grace period.
Also, the pressure to close the Afristar issue comes during the Covid-19 pandemic hitting government revenues and forcing Kenya to turn to the IMF and World Bank for direct budgetary support. The Kenyan government’ predicament is a direct consequence of taking loans from China to construct an expensive railway line, which it does not need and afford. For China, it has given it a stake in the country’s infrastructure and intensified the level of indebtedness of Kenya. Both ways, it is only China which benefits. That should be the lesson for nations in Africa.
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Geza Ulole
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Update: LOT 5 electrical SGR Mwanza-Isaka
Geza Ulole
JF-Expert Member
- Oct 31, 2009
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Update: LOT 5 electrical SGR Mwanza-Isaka
Kafrican
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Mpaka tukaribie kufikisha tani 22 Million ndo tuanze kufikiria mambo ya umeme na kuongeza passig loop ambayo itatuwezesha kufika 35Million tones p.a juu ya reli!
Kafrican
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Wao ndo wamechukua uongozi wa Cow basi kama hujui, Kenya ikiwa imewekwa back-bench, kwahivyo ukisikia lolote kuhusu CoW ujue si Kenya ndo inaongoza kwa sasa...
Oh, BTW, DRC nayo imejiunga na CoW sahii wao ni full member
Geza Ulole
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Northern Corridor si CoW kuna hata central corridor pia! Wacha upumbavu!
Geza Ulole
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Geza Ulole
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first class chinese SGR!
Geza Ulole
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Update: LOT 5 electrical SGR Mwanza-Isaka
Geza Ulole
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Update: electrical SGR Morogoro-Makutupora
Geza Ulole
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TIRP project