Treasury Explains Restructuring of Chinese SGR Loan
The SGR construction has now been revived from Naivasha to Malaba through Kisumu, following the completion of the initial phase from Mombasa to Naivasha, which was financed through a Chinese loan...
✨ Key Highlights
Kenya's National Treasury is set to save over Ksh27 billion annually following the successful renegotiation of terms for three Standard Gauge Railway (SGR) loans with China.
- The renegotiation will result in annual savings of approximately USD 215 million, equivalent to over Ksh27 billion.
- The announcement was made by Cabinet Secretary John Mbadi.
- This deal was achieved through bilateral engagement without resorting to debt restructuring, and aligns with a broader strategy to ease external debt pressure.
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Treasury Explains Restructuring of Chinese SGR Loan - August 2026
Kenya's National Treasury is set to save over Ksh27 billion annually following the successful renegotiation of terms for three Standard Gauge Railway (SGR) loans with China. The Kenyan Treasury is considering extending the 8% VAT cut on fuel beyond October and introducing further subsidies to mitigate high prices, influenced by the volatile Middle East situation. Kenya's economy is projected to grow by 5.1% in 2027, according to a forecast by the National Treasury, anticipating a recovery driven by easing external pressures and normalized global supply chains, despite ongoing concerns over fuel prices and currency stability.
