Kenya could lose control of her port assets in case she defaults her loans from the Chinese government and Chinese Exim Bank.
Ever since Kenyans learnt about this they have taken to twitter to reveal their disappointment crying over the possible loss with different expressions.
Kenya owes “EXIM BANK of China” just Ksh 227 Billion. China will take Kenya’s port if Kenya defaults
ALSO:
Scandals;
sh.61Billion KPC
sh.30Billion in Counties
sh.30Billion Parastatals debts
sh.16Billion Tablets
sh.9Billion IEBC
Sh.100Billion KRA— Corruption Tracker (@TrackTheCorrupt) December 19, 2018
Some of KOT have declared the presidents big four agenda as a big four nonsense warning that whoever takes over as next president is will face a daunting task ahead of them.
“Exim Bank of China” those who want to be presidents next year by hook or crook face a daunting task ahead of them especially Ruto since he is part n parcel of this mess alongside his partner in crime UK. But UK is unmoved and focused on completing his term under BIG 4 NONSENSE.
— Tijey (@Tijey5) December 19, 2018
A report by Auditor-General Edward Ouko states that the payment agreement substantively means the revenue of the Kenya Ports Authority would be used to clear the debt.
This is if the minimum volumes required for consignments are not met.
The audit shows that KPA’s revenue was Sh 42.7 billion as at June 30, 2018, a 7.9 percent increase from the Sh39.6 billion recorded the previous year.
A few Kenyans have as well stated that politicians alone should be responsible for the debt exempting citizens who feel they were not involved in the deal.
No! No! No! No! Exim Bank of China you cannot have the port of Mombasa, the politicians borrowed without notifying us then looted the same money, Kindly take over their properties
Weston
Amaco insurance
Brookside dairy
The great rift valley lodge
among many others— ☠☤TheInstigator☤☠ (@Just_a_KenN) December 19, 2018
Exim Bank of China should leave the port of Mombasa alone. I have never seen or heard of a person from coast embroiled in a scandal. They should take Mt. Kenya and convert it into a quarry or something. 50 million Kenyans cannot pay for the sins of a few greedy corrupt physcos.
— Victor Mochere (@VictorMochere) December 19, 2018
Do you support that Kenyans should not pay for the sins of leaders in the government in this situation?