Dossier
debt trap
Coverage of debt trap in the Nexus archive.
- Kenya’s Rail and Port Debt Talks Reshape East African Infrastructure Finance
Kenya restructured $3.5 billion in Chinese railway loans by converting them from US dollars to yuan, saving an estimated $215 million in servicing costs. Research from Johns Hopkins confirms the Mombasa Port was never pledged as collateral for Standard Gauge Railway (SGR) loans, countering 'debt trap' claims.