The government borrowed billions to construct the Mombasa-Nairobi standard gauge railway (SGR), against opposition that the project by China Roads and Bridges Corporation (CRBC), a Chinese State-owned company, could become a white elephant.
Well the dread caught up as the country’s sovereignty is now at stake.
Kenya could lose the port of Mombasa to the Chinese government if Kenya Railways Corporation (KRC) defaults in the payment of Sh 227 billion owed to Exim Bank of China.
Disappointed Kenyans have taken to twitter to sadly remind Kenyans that there were warnings towards this fate that is currently haunting them.
Recallings of David Ndii writing extensively and even doing television interviews about the great calamity Kenya was getting itself into by opting for loans we can not afford to pay back is now making most wish the government and citizens listen.
We were warned about Exim Bank of China. @DavidNdii wrote extensively about this but was dismissed by the usual “patriotic” know it alls. We were given examples of Sri lanka, Venezuela among others. But as usual we are some of the most gullible people on earth, WE DONT GERRIT!
— Misi Mchina (@bkairu5) December 19, 2018
Dr. @DavidNdii told you. See Exim Bank of China is might take over the port of Mombasa. pic.twitter.com/1eRO2G3Wln
— Lazarus. (@Lazooj) 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.
Do you also fear that truly Kenya may lose the port of Mombasa to the Chinese?
Those consequences we were warned about are here with us.
Those consequences have nothing to do with Raila Odinga.
They have everything to do with Chinese invasion that was engineered by Uhuru in collaboration with Exim Bank of China. Na bado!
— A Karani Onsomu (@erwoti) December 19, 2018