The often repeated story about Nigeria taking 90 percent cut and Indonesia taking 10 percent cut applies here.
Kenya SGR was built in record 2.5yrs - and has been operational for 6yrs now - carrying almost two million people from Nairobi to Mombasa every year.
That is almost 10 million passengers - without accident, in half the time, comfort and bliss. It was 13th most magnificient ride in world because you get to see few elephants and wild on the way.
That I believe is why Coastal tourism has breezed through COVID - domestic tourism from Nairobi & elsewhere are supporting coastal economy.
Mombasa port is few notches from Durban in terms of efficiencies thanks to SGR.
We can go on and on - Mombasa-Nairobi highway has less congestion - has lots of trucks been removed - 5Million tonnes per annum - is lots of trucks out of the road.

I choose to see the elephant in the room...Chinese are only folks who seem to get stuff done in Africa...except in Nigeria.

Let move on to Nigeria. Your SGR started way before ours...you recently finished the 150km Ibandan-Lagos - and the stats are crim.
Suffering says the same fate belies Kaduna-Abuja - infact it been abandoned.
The least said about 1 billion dollar Abuja to Airport the better for you.

Is there corruption in kenya. Absolutely. I believe at minimum 10 percent of almost every project is budgeted corruption. This Chinese are normally willing to pay tje "Project Managment Fee" - and in turn whoever get 10 percent - Uhuru I reckon for SGR and expressway - ensure the project never stops - chinese make their money that way - because if project delays like Nigeria Julius Berger towns all over - it will be costly for them. What values does Uhuru or Ruto now bring - they take 10 percent - and ensure the project never stops - police, judiciary, name it - cant stop - because the president is superivsing it even at midnight.

This "good" corruption. Bad corruption is Sani Abacha - take all the money and bank it in Switzerland.

obaaderemi:
Is this not what we have been saying for year? Kenya is low hanging fruit. Everybody's bittch.

And I wonder why every major deal in Kenya is always shrouded in secrecy and ambiguity.

Look at these stats.....before you worry about 10 percent stolen by Uhuru.

Ibandan- Lagos - 150Km
Monthly passengers -> 33K - annually 350K - versus Mombasa closing 2 million.
Cargo -> Zero versus 5 million metric tonnes.

Conclusion - Nigeria SGR is a failure. Abuja airport 400 passengers per day. That has to be world most idle railway.

Shaytun:


China don run Kenya street

small china town

theenchanter:

You don tell us the answer be that fa

Shaytun:


China don run Kenya street

No be today China dey run dem street China don dey play them game for years

Shma2022:

Your deamining character is screaming, that's why without doing reach, you concluded that we only operate on an FN SCAR-L(5.56) - which is still lethal notwithstanding the weight. My friend, we have both HEAVY( 7.62×51mm) and LIGHT(5.56 ×45mm) special OP compact.
You can check it out from Kenya Ordnance Factories Corporation(KOFC) page.
And yes, 5.56 is just a cartridge power.

My bru I grew up with guns... You don't need to copy and past caliber sizes... The fact is the FN Scar isn't even the most powerful rifle in the KDF since the KDF also operate larger caliber than even 7.62... So even if you have FN Scar in 7.62 it still isn't the most powerful rifle in service with the KDF.

In general the FN Scar is a decent rifle, but it is complicated and prone to jamming if not kept clean... Its also one of the reasons why the Navy seals rejected it.

Shma2022:

Your deamining character is screaming, that's why without doing reach, you concluded that we only operate on an FN SCAR-L(5.56) - which is still lethal notwithstanding the weight. My friend, we have both HEAVY( 7.62×51mm) and LIGHT(5.56 ×45mm) special OP compact.
You can check it out from Kenya Ordnance Factories Corporation(KOFC) page.
And yes, 5.56 is just a cartridge power.

also how can a 5.56 be more powerful than another 5.56 don't post fanboy lunacy pics

Mkenya2019:
The often repeated story about Nigeria taking 90 percent cut and Indonesia taking 10 percent cut applies here.
Kenya SGR was built in record 2.5yrs - and has been operational for 6yrs now - carrying almost two million people from Nairobi to Mombasa every year.
That is almost 10 million passengers - without accident, in half the time, comfort and bliss. It was 13th most magnificient ride in world because you get to see few elephants and wild on the way.
That I believe is why Coastal tourism has breezed through COVID - domestic tourism from Nairobi & elsewhere are supporting coastal economy.
Mombasa port is few notches from Durban in terms of efficiencies thanks to SGR.
We can go on and on - Mombasa-Nairobi highway has less congestion - has lots of trucks been removed - 5Million tonnes per annum - is lots of trucks out of the road.

I choose to see the elephant in the room...Chinese are only folks who seem to get stuff done in Africa...except in Nigeria.

Let move on to Nigeria. Your SGR started way before ours...you recently finished the 150km Ibandan-Lagos - and the stats are crim.
Suffering says the same fate belies Kaduna-Abuja - infact it been abandoned.
The least said about 1 billion dollar Abuja to Airport the better for you.

Is there corruption in kenya. Absolutely. I believe at minimum 10 percent of almost every project is budgeted corruption. This Chinese are normally willing to pay tje "Project Managment Fee" - and in turn whoever get 10 percent - Uhuru I reckon for SGR and expressway - ensure the project never stops - chinese make their money that way - because if project delays like Nigeria Julius Berger towns all over - it will be costly for them. What values does Uhuru or Ruto now bring - they take 10 percent - and ensure the project never stops - police, judiciary, name it - cant stop - because the president is superivsing it even at midnight.

This "good" corruption. Bad corruption is Sani Abacha - take all the money and bank it in Switzerland.

Ok. Kontinue

No surprise that the SGR Buyer Credit Loan Agreement came with a cross-default clause (Section 14.1 Clause e). In the event that Kenya defaults on any other external loan, the country will be deemed to have been in default of the SGR facility.


In the SGR contract, Kenya Ports Authority (KPA) committed to create inland ports including at Nairobi where KPA would manage the inland ports.

If Kenya defaults on loans, China can take over KPA without notifying Kenya government. KPA should also not ask questions.

Where do you see KPA in that?
KPA signed a take or pay with Kenya Railway.
This same thing you signed with independent power producer.
You dont expect China to loan us 5 billion dollars without some collatoral.
You gave China farmers cocoa beans as loan collatoral - at least KPA is owned by Gov of Kenya. KPA can sell few shares and pay china loan.
But Ghana...how do you collateralize your poor farmers farms and their cocoa?
In case you fail to pay...China will take farmers cocoa beans for free until its repaid.
Then you went ahead...gave chinese aluminium and bauxite as collatoral for your railway loan.

Just40:
No surprise that the SGR Buyer Credit Loan Agreement came with a cross-default clause (Section 14.1 Clause e). In the event that Kenya defaults on any other external loan, the country will be deemed to have been in default of the SGR facility.


In the SGR contract, Kenya Ports Authority (KPA) committed to create inland ports including at Nairobi where KPA would manage the inland ports.

If Kenya defaults on loans, China can take over KPA without notifying Kenya government. KPA should also not ask questions.

Mkenya2019:
Where do you see KPA in that?
KPA signed a take or pay with Kenya Railway.
This same thing you signed with independent power producer.
You dont expect China to loan us 5 billion dollars without some collatoral.
You gave China farmers cocoa beans as loan collatoral - at least KPA is owned by Gov of Kenya. KPA can sell few shares and pay china loan.
But Ghana...how do you collateralize your poor farmers farms and their cocoa?
In case you fail to pay...China will take farmers cocoa beans for free until its repaid.
Then you went ahead...gave chinese aluminium and bauxite as collatoral for your railway loan.

go and read the agreement and stop making useless noise.

How will Ghana govt collateralized private property? Which law is that legal under?

You're mad, go and deal with your govt

It crazy. Kenya and Ghana both went to Exim bank of China for loan.
We told them KPA will give KR as much cargo as they want.
You went to China - and gave farmers cocoa as collatoral - for BUI dam

The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow account with China Eximbank

You did when building the BUI dam. You gave China cocoa beans as collateral.
The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow account with China Eximbank.,

Which loan terms are favourable?

On September 25, 2007, China Eximbank and the Government of Ghana signed a buyer’s credit loan (BCL) agreement worth $292 million for the Bui Dam Construction Project. Then, on September 3, 2008, China Eximbank and the Government of Ghana signed a government concessional loan (GCL) agreement worth RMB 2.1 billion. The BCL carried the following terms: 17 year maturity, 5-year grace period, and an interest rate of CIRR plus a margin of 0.75% (6.13%). The GCL carried the following terms: 2% interest rate, 20 year maturity, and a 7 year grace period. The GCL is captured in Project ID#30810 and the BCL is captured in Project ID#183.

Collateral
The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow account with China Eximbank to facilitate loan repayment (and provide a source of security for the BCL). Then, once the dam was operational, the cocoa agreement

Just40:
go and read the agreement and stop making useless noise.

How will Ghana govt collateralized private property? Which law is that legal under?

You're mad, go and deal with your govt

As we speak - you took loan from exim bank of China - and all your bauxite has to be banked in escrow account in China crazy morons. We gave china our words on paper - not escrow account where money is banked and they deduct first. we pay china man when we want. They cant invade kenya. During covid we asked for more time. We are going to ask for more time...if we want in the future.

China man doesnt have our money in some escrow account where he pays himself first. You must be only country in world to do this escrow thing with china.

https://www.scmp.com/news/china/diplomacy/article/3126260/ghanas-bauxite-infrastructure-deal-chinas-sinohydro-faces


Facing a severe infrastructure financing gap estimated at US$30 billion, Ghana two years ago turned to China to help it fund the building of roads, highways and power dams.
The West African nation signed a bauxite-for-infrastructure deal with Chinese state-owned firm Sinohydro Corp in 2018 that would allow the Chinese company to invest about US$2 billion in Ghana’s infrastructure.
In exchange, Ghana would use money earned from the sale of bauxite (the primary ore used to make aluminium), refined bauxite and aluminium to repay the loans. As collateral, Ghana agreed to establish an offshore escrow account for receiving revenues generated from the sale of bauxite.

rvp20182:
I have seen report that SGR has contributed 2-3 percent during and after construction.
If you do the calculation at 115B dollars...1 percent GDP is 1.15B...therefore every year...SGR is contributing about 2-3B dollars annually to our economy.
For a 5B investment - that is great multiplier.
One good example - impact of SGR on coastal tourism - nowadays domestic and foreign tourist find it easy to hope into train and go to Mombasa to spend their weekends at the coast.
Before SGR - you either flew or took an 8-10hrs bus ride or drove - which discouraged lot of people from visiting the coast.
As of now SGR is fully booked until January.They are going to add more coaches.
Those are kind of impacts you cannot measure - on tourism, port, transport, safety, - nobody goes measuring the impact of our road infrastructure...but because it's shiny chinese built railway...people want to have it profitable. Anti-chinese propaganda.
Basic infrastructure dont turn profitable in that sense...they dont have to...gov will use taxes to pay for it...they turn profitable as a multiplier or enabler.
How much do countries invest in road infrastructure annually? Is there anyone going out there measuring when the roads will become profitable??
Heck I doubt there is a railway in the entire planet that is profitable - almost all are subsidized - because they are like roads - they are the enablers/facilitators of the economy.

Stories for the gods

Mkenya2019:
The often repeated story about Nigeria taking 90 percent cut and Indonesia taking 10 percent cut applies here.
Kenya SGR was built in record 2.5yrs - and has been operational for 6yrs now - carrying almost two million people from Nairobi to Mombasa every year.
That is almost 10 million passengers - without accident, in half the time, comfort and bliss. It was 13th most magnificient ride in world because you get to see few elephants and wild on the way.
That I believe is why Coastal tourism has breezed through COVID - domestic tourism from Nairobi & elsewhere are supporting coastal economy.
Mombasa port is few notches from Durban in terms of efficiencies thanks to SGR.
We can go on and on - Mombasa-Nairobi highway has less congestion - has lots of trucks been removed - 5Million tonnes per annum - is lots of trucks out of the road.

I choose to see the elephant in the room...Chinese are only folks who seem to get stuff done in Africa...except in Nigeria.

Let move on to Nigeria. Your SGR started way before ours...you recently finished the 150km Ibandan-Lagos - and the stats are crim.
Suffering says the same fate belies Kaduna-Abuja - infact it been abandoned.
The least said about 1 billion dollar Abuja to Airport the better for you.

Is there corruption in kenya. Absolutely. I believe at minimum 10 percent of almost every project is budgeted corruption. This Chinese are normally willing to pay tje "Project Managment Fee" - and in turn whoever get 10 percent - Uhuru I reckon for SGR and expressway - ensure the project never stops - chinese make their money that way - because if project delays like Nigeria Julius Berger towns all over - it will be costly for them. What values does Uhuru or Ruto now bring - they take 10 percent - and ensure the project never stops - police, judiciary, name it - cant stop - because the president is superivsing it even at midnight.

This "good" corruption. Bad corruption is Sani Abacha - take all the money and bank it in Switzerland.

Do you need extra sheet?
Make the story long cos I won send am to your ancestors to read

Mkenya2019:
It crazy. Kenya and Ghana both went to Exim bank of China for loan.
We told them KPA will give KR as much cargo as they want.
You went to China - and gave farmers cocoa as collatoral - for BUI dam

The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow account with China Eximbank

Wow!! Is this even legal?

Sometimes people look at Accra and wonder where did the oil and gold money go? Take a deep look and you realise the country has been making cave man economic policies since independence. More than 17 bailouts, coups etc. Nigeria is worse, people still using candles to read in the biggest oil producer in Africa!! What a travesty!!

gallivant:


Wow!! Is this even legal?

Sometimes people look at Accra and wonder where did the oil and gold money go? Take a deep look and you realise the country has been making cave man economic policies since independence. More than 17 bailouts, coups etc. Nigeria is worse, people still using candles to read in the biggest oil producer in Africa!! What a travesty!!

That why they project their woes on others..no two countries in Africa are owned by Chinese like Ghana and Zambia.Kenya, Ethiopia and name it borrow but don't accept those terms..or do you find Chinese selling roasted corn on the streets like Zambia and or worse invading farms & poisoning rivers like Ghana.They go broke often despite minerals because of such financial straight jacket.Their bauxite right now was mortgaged to Chinese for mere two billion dollars and I bet their farmers cocoa is collateral somewhere

I watched Maya video on cocoa farming...they aren't allowed to sell to anyone except government..all their cocoa essentially belong to cocoa board and their gov. Their government has used their beans to borrow.Can you imagine a country in this century where you can't sell your stuff except to government body?. I don't think I know of such country in Africa? Last such happened was 1980s.

vankelvin:

Stories for the gods

This academic research showing 1.5 percent GDP impact post construction... That almost two billion dollars annually.Most of you are envious because our sgr is Africa most successful https://www.researchgate.net/publication/358166206_Impact_of_the_Standard_Gauge_Railway_on_the_Kenyan_Economy#:~:text=Findings%20The%20country%27s%20Gross%20Domestic,46%2C000%20jobs%20for%20local%20residents.

rvp2018:
This academic research showing 1.5 percent GDP impact post construction... That almost two billion dollars annually.Most of you are envious because our sgr is Africa most successful https://www.researchgate.net/publication/358166206_Impact_of_the_Standard_Gauge_Railway_on_the_Kenyan_Economy#:~:text=Findings%20The%20country%27s%20Gross%20Domestic,46%2C000%20jobs%20for%20local%20residents.

Envious for what? Your sgr continues bleeding money. Operational cost is far higher than revenue. You are saddled with one of Africa's biggest debt burden because of that sgr. China recently fined your government because you defaulted on their loans to you. The Chinese own you because of that sgr. They provided over 90% of the funding. Where else in Africa is their funding percentage as high as that?

Hello my good people of Kenya!
Bigkoko Taxi Services is launching in Nairobi Kenya. From 15th Of Nov we can start accepting Rides booked on our Website.

Mr Walter Andayi is our Country Representative, and Chief Operator for the Kenyan Market. He is a Kenyan with lots of years of experience in the telecom sector having worked with Safaricom & Mpesa. He is available to answer all your inquiries at short notice!

How you can profit from this venture....You can register free of charge as a Taxi, once we receive Ride Orders, we swiftly switch over such request to you!

Once you register on the website, we add you to the respective Country you intend to offer the Taxi Service.

• Pick & Drop.
• Airport Transfers.
• City Roaming.
• Outstation Movement.
• Group Charter.
• Cruise Rides.

All the way from the beautiful City of Kigali!

Bigkoko:
Hello my good people of Kenya!
Bigkoko Taxi Services is launching in Nairobi Kenya. From 15th Of Nov we can start accepting Rides booked on our Website.

Mr Walter Andayi is our Country Representative, and Chief Operator for the Kenyan Market. He is a Kenyan with lots of years of experience in the telecom sector having worked with Safaricom & Mpesa. He is available to answer all your inquiries at short notice!

How you can profit from this venture....You can register free of charge as a Taxi, once we receive Ride Orders, we swiftly switch over such request to you!

Once you register on the website, we add you to the respective Country you intend to offer the Taxi Service.

• Pick & Drop.
• Airport Transfers.
• City Roaming.
• Outstation Movement.
• Group Charter.
• Cruise Rides.

All the way from the beautiful City of Kigali!

Well done, brother.
This is obviously a Nigerian company. What's your experience in Lagos and Kigali like?

Yes... Bigkoko ® African Integrated Services Ltd.
Address: Norrsken House KN 78 St Kigali Rwanda. Near Car Free Zone beside Coque Bank HQ.
Check it out on Google Maps

obaaderemi:
Is this a Rwandan company?

It's a Rwandan Company partly owned by a Nigerian.

Lagos experience is bust & Bustle.
Kigali experience is calm, slow & steady.

obaaderemi:
Well done, brother.
This is obviously a Nigerian company. What's your experience in Lagos and Kigali like?

Bigkoko:
It's a Rwandan Company partly owned by a Nigerian.

Lagos experience is bust & Bustle.
Kigali experience is calm, slow & steady.

I was surprised a Rwandan company could be named Bigkoko because Koko is more like a Nigerian slang.
Nice to see African countries collaborating together more.

GeneralDae:

I was surprised a Rwandan company could be named Bigkoko because Koko is more like a Nigerian slang.
Nice to see African countries collaborating together more.

I think the brain behind the company is a Nigerian, with Rwandan partners. Nigerians are serious hustlers. It's like they're dead without it.

jl115:

My bru I grew up with guns... You don't need to copy and past caliber sizes... The fact is the FN Scar isn't even the most powerful rifle in the KDF since the KDF also operate larger caliber than even 7.62... So even if you have FN Scar in 7.62 it still isn't the most powerful rifle in service with the KDF.

In general the FN Scar is a decent rifle, but it is complicated and prone to jamming if not kept clean... Its also one of the reasons why the Navy seals rejected it.

The emboldened is the reason enough why I shouldn't engage you. But then again, I doubt if you've ever used an FN-SCAR( special force compact rifle) of any type. That factor alone drives us to a level pegging ground. You have to hit google to dig out information.

Also, the only version abandoned by the US navy seal was the light version of FN-SCAR. This is due to its heavy weight and jamming at some point.

"The U.S. Special Operations Command later canceled their purchase of the SCAR-L and planned to remove the rifle from their inventory by 2013. However, they will continue to purchase the SCAR-H version, and also plan to purchase 5.56 mm conversion kits for the SCAR-H, allowing it to substitute for the SCAR-L ."

Apart from the aforementioned, I agree with the rest of your points.

QuietMynd:
Uhuru is crazy

When will Zoogerians stop projecting their issues to us?

Uhuru Kenyatta is a saint among Nigerian despots. Here is just one...



Stop projecting your issues.

obaaderemi:
I think the brain behind the company is a Nigerian, with Rwandan partners. Nigerians are serious hustlers. It's like they're dead without it.

Hustlers, like Hushpuppi and the like. Try not cheating for once, your so called hustle dissapears in thin air.

Just40:
go and read the agreement and stop making useless noise.

How will Ghana govt collateralized private property? Which law is that legal under?

You're mad, go and deal with your govt

I am glad that you're concerned with our paltry debt. Yours is beyond concern.

vankelvin:

That's a win affair for Kenya. SGR is still there. It will keep paying itself even before time expires.