President Uhuru Kenyatta and his ODM counterpart Raila Odinga had travelled to China and appeared assured of clinching the Ksh368 billion financing to extend the line to Kisumu.
However, according to reports by Nation, China did not agree with the terms of the loan that Uhuru was proposing.
Reports indicate that Uhuru had asked for half of the money to be given as a grant and the balance be in a loan with more relaxed conditions.
China, on the other hand, insisted on collateral, something Nairobi had gone to Beijing to avoid.
They wanted,,,
GO TO PAGE 2 TO CONTINUE READING>>>
PAGE: 1, 2,
Advertisemen
News