Mombasa Port China

Alarm flared in kenya before christmas at the prospect of a chinese takeover of the country s main port of mombasa after a letter purportedly from kenya s auditor general warned that china could seize the assets of the kenya ports authority kpa if terms of china s loan for a new railway were not met. Kenyan government risks losing the lucrative mombasa port to china should the country fail to repay huge loans advanced by chinese lenders. Kenya runs the risk of losing control of the port of mombasa if it should default on loans from state financial institution china exim bank according to a new report from kenya s auditor general.

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In november 2018 african stand reported on how kenya is.

Mombasa port china. If kenya defaults on a 2bn euro debt to china it may have to hand over mombasa s port to the asian giant. China is becoming an increasingly important trade partner with kenya and the port of mombasa features in china s one belt one road strategy. Mombasa m ɒ m ˈ b æ s ə mom bass ə also us. That is how president uhuru kenyatta has described reports that the port of mombasa could be taken over by china if kenya defaults on paying its loan for the sgr the issue of the take.

Kenya was one of three african countries identified in a march 2018 report by the washington based center for global development as at risk of. It would undermine faith in the belt and road initiative around the world. Mombasa s major markets comprise western europe asia far east the americas and the rest of africa. They would have to assume.

It is the country s oldest circa 900 ad and second largest city after the capital nairobi with a population of about 1 208 333 people according to the 2019 census. Kenya risks losing the lucrative mombasa port to china should the country fail to repay huge loans advanced by chinese lenders in what would be a rerun of hambantota episode in sri lanka casting a shadow on india s outreach in eastern africa. Its metropolitan region is the second. By owning the port the chinese would also own all of the headaches that come in running it.

Taking of the port of mombasa would be a strategic disaster for beijing and its desire to repel accusations that it s a predatory lender. ˈ b ɑː s bah sə is a coastal city of kenya along the indian ocean the city is known as the white and blue city in kenya. The internet is literally on fire after a letter by auditor general edward ouko stated that exim bank of china may take over the mombasa port if kenya fails to service the loan it took to build.