..President Uhuru Kenyatta’s government spent $4 billion on a 300-mile railway connecting the capital to the Indian Ocean port of Mombasa, the most expensive infrastructure project since Kenya’s independence 54 years ago and one-fifth of its national budget.
Eager to portray it as a major achievement ahead of national elections in August, Mr. Kenyatta opened the so-called Standard Gauge Railway last Wednesday. But the fanfare was overshadowed by a concern that has been snowballing for months, filling many Kenyans with mild terror: How can the country repay its monstrous debt to China...
Lest we forget, a Chinese overseas venture is not being done for humanitarian reasons; they want something in return. I gotta say it; talk about how to get an underdeveloped nation into your web, this has to be it.
Posts: 9975 | From: Clarendon Hills, IL USA (BNSF Chicago Sub MP 18.71) | Registered: Apr 2002
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