REASON FOR MOMBASA RESIDENTS TO BE HAPPY AS THE PORT COMES BACK
Yatani: Mombasa port not at risk of takeover by Chinese government Yatani says port has no adverse exposure to any lender or category of lenders. In Summary • The CS maintained that the port is a strategic asset financed by government with support from multilateral and bilateral development partners. • "Kenya will continue to honor its debt service obligations to safeguard its credit standing among nations, attract investment and promote growth and development of its people," the CS said. The government has dismissed claims that the Port of Mombasa could be taken over by the Chinese government if it defaulted on the SGR loan. In a statement by Treasury CS Ukur Yatani on Monday, the government said the port has no adverse exposure to any lender or category of lenders through existing loan agreements. This comes after the Star ran a story on a report by the Auditor General which showed the port of Mombasa could be under the control of the Chinese if the government defaults on...