Kenya’s Rail and Port Debt Talks Reshape East African Infrastructure Finance

Africa · Eastern Key Facts —SGR debt restructured. Kenya converted roughly $3.5 billion in Chinese railway loans from US dollars into yuan, saving an estimated $215 million in servicing costs. —Mombasa Port not collateral. Research from Johns Hopkins confirms the port was never pledged as security for SGR loans, challenging widespread “debt trap” narratives. —Gulf…