| Submit your comments on this article |
| Africa Subsaharan |
| China's African debt-trap: Beijing prepares to seize Kenya's port of Mombasa |
| 2018-12-29 |
| TAIPEI (Taiwan News) ‐ China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy. African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control. Other assets related to the inland shipment of goods from the port, including the Inland Container Depot in Nairobi, and the Standard Gauge Railway (SGR), may also be compromised in the event of a Chinese port takeover. Kenya has reportedly taken extremely large loans from the Communist government for the development of some major highways, and especially for the SGR, which forms a crucial transport link to and from Nairobi for the import and export of goods through Mombasa. In November, Moody’s noted that Kenya is at high risk of losing strategic assets because of debts owed to Beijing. |
| Posted by:Besoeker |
| #1 If Kenya had a location tax (Ricardian Capitalist tax) then they could tax the port location and not worry. |
| Posted by: Bright Pebbles 2018-12-29 12:38 |