Cost comparison SGR Kenya vs SGR Tanzania

Cost comparison SGR Kenya vs SGR Tanzania

Sema kimeumana!​

SGR loan default puts Kenya Railways on spot​

05 December 2024​

The corporation accumulated Sh41 billion in repayments and charges.
  • According to the auditors report, the corporation’s management told auditors that the cash generated for the railway’s operations was not sufficient to meet the maturing loan obligations.
  • A recent Treasury report revealed that Kenya Railways made a Sh50 billion loss, the highest among state corporations in the period under review.
Kenya Railways was slapped with a Sh3.5 billion penalty for defaulting on loans borrowed for the construction of the Standard Gauge Railway....
Source.

Habari hii imfikie kamanda Lewis254 bila kuchelewa😁😁
 
Magonjwa Mtambuka said:

Sema kimeumana!​

SGR loan default puts Kenya Railways on spot​

05 December 2024​

The corporation accumulated Sh41 billion in repayments and charges.
  • According to the auditors report, the corporation’s management told auditors that the cash generated for the railway’s operations was not sufficient to meet the maturing loan obligations.
  • A recent Treasury report revealed that Kenya Railways made a Sh50 billion loss, the highest among state corporations in the period under review.
Kenya Railways was slapped with a Sh3.5 billion penalty for defaulting on loans borrowed for the construction of the Standard Gauge Railway....
Source.

Habari hii imfikie kamanda Lewis254 bila kuchelewa😁😁
Click to expand...
Inakaa Kundurenda wanaenda kulipa three times the original loan! Yaani $3.8 bln*3!
 
Magonjwa Mtambuka said:

Sema kimeumana!​

SGR loan default puts Kenya Railways on spot​

05 December 2024​

The corporation accumulated Sh41 billion in repayments and charges.
  • According to the auditors report, the corporation’s management told auditors that the cash generated for the railway’s operations was not sufficient to meet the maturing loan obligations.
  • A recent Treasury report revealed that Kenya Railways made a Sh50 billion loss, the highest among state corporations in the period under review.
Kenya Railways was slapped with a Sh3.5 billion penalty for defaulting on loans borrowed for the construction of the Standard Gauge Railway....
Source.

Habari hii imfikie kamanda Lewis254 bila kuchelewa😁😁
Click to expand...
achana na habari za kupotosha
FB_IMG_1731560510355.jpg
 
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