Kenya Secures Extended Repayment Terms for SGR Loans

Kenya Secures Extended Repayment Terms for SGR Loans

The Kenyan government has secured a major financial reprieve after successfully renegotiating the repayment terms of loans taken from China to finance the Standard Gauge Railway (SGR). President William Ruto’s administration confirmed that the revised agreement will significantly ease pressure on public finances and improve debt sustainability. Under the new arrangement,