China poised to take Kenya's Mombasa port

[Samira]

https://www.africanstand.com/busine...nyas-main-port-over-unpaid-huge-chinese-loan/

Kenyan government risks losing the lucrative Mombasa port to China should the country fail to repay huge loans advanced by Chinese lenders.

In November, African Stand reported on how Kenya is at high risk of Losing strategic assets over huge Chinese debt and just after a few month the Chinese are about to take action.

The loans have been granted for the development of the Standard Gauge Railway (SGR).

Also at stake is the Inland Container Depot in Nairobi, which receives and dispatches freight hauled on the new cargo trains from the seaport.

Implications of a takeover would be grave, including the thousands of port workers who would be forced to work under the Chinese lenders.

Management changes would immediately follow the port seizure since the Chinese would naturally want to secure their interests.

Further, revenues from the port would be directly sent to China for the servicing of an estimated Sh500 billion lent for the construction of the two sections of the SGR.

 

[Tukraq]

Sounds like good news

 

[Samira]

Look this horumar. While our ports are taken by second rate regional powers like Saudi and the Emirates, Kenya is (going to) get their shit took by a global power!

I make dua every day that Allah raises our status and lets us be taken advantage of by powerful men, and let them yank my hijab as they do so. Amiin

 

[Waaqo of Punt]

Look this horumar. While our ports are taken by second rate regional powers like Saudi and the Emirates, Kenya is (going to) get their shit took by a global power!

I make dua every day that Allah raises our status and lets us be taken advantage of by powerful men, and let them yank my hijab as they do so. Amiin

Are u Christian? You avi is a cross

Just curious

 

[Tukraq]

Look this horumar. While our ports are taken by second rate regional powers like Saudi and the Emirates, Kenya is (going to) get their shit took by a global power!

I make dua every day that Allah raises our status and lets us be taken advantage of by powerful men, and let them yank my hijab as they do so. Amiin

This isn’t a good thing for Kenya lol(worst case scenario), maybe for China though, Kenya is now literally portless as it now belongs to China forever due to debt slavery

 

[Zayn]

Look this horumar. While our ports are taken by second rate regional powers like Saudi and the Emirates, Kenya is (going to) get their shit took by a global power!

I make dua every day that Allah raises our status and lets us be taken advantage of by powerful men, and let them yank my hijab as they do so. Amiin

Wlhi I remembered Trevor Noah saying if you tell South Africans that their country doesnt have natural disasters they would be like why does our country not have natural disasters while the world is having disasters. So what is good abt your port being taken whether it is a regional power or a superpower

 

[Tukraq]

Wlhi I remembered Trevor Noah saying if you tell South Africans that their country doesnt have natural disasters they would be like why does our country not have natural disasters while the world is having disasters. So what is good abt your port being taken whether it is a regional power or a superpower

Exactly first @AussieHustler acting like a government losing money funding an airlines was a good thing now @Samira acting like losing your only port(while losing significant maritime to us), is somehow a plus? These are major negatives and we get a plus just not engaging in it and fucking up like they have, in fact we’re major winners here as both our neighbors are now basically landlocked

 

[Ras]

It's bad for us too. The Chinese will rehaul the port and turn into a world class regional hub.

Especially since they already invested in a railway line to Nairobi and soon the DRC.

Somali ports would be relegated to second class ports unless we can find others to spend billions to connect us to the region.

 

[Tukraq]

It's bad for us too. The Chinese will rehaul the port and turn into a world class regional hub.

Especially since they already invested in a railway line to Nairobi and soon the DRC.

They have to compete with us for pricing though, we can always go lower than they can

 

[Bernie Madoff]

I even heard they own the port in greece

China can’t stop and won’t stop

 

[Ras]

They have to compete with us for pricing though, we can always go lower than they can

Railway cuts the costs down dramatically while we're stuck with trucking goods all the way up Nairobi and East Africa.

That railway actually has a lot more capacity than out dusty roads and it's a lot faster.

Even accessing Ethiopia is a lot easier for them because the can slip through the clear Nairobi - Addis Ababa corridor.

No doubt the Chinese will be planning to create a railway there too since it will connect them to South Sudan.

Time's running out. We need to stop these pointless bickering in Somalia get to building before we end up replacing our shilling with the yuan.

 

[Tukraq]

Railway cuts the costs down dramatically while we're stuck with trucking goods all the way up Nairobi and East Africa.

That railway actually has a lot more capacity than out dusty roads and it's a lot faster.

Even accessing Ethiopia is a lot easier for them because the can slip through the clear Nairobi - Addis Ababa corridor.

No doubt the Chinese will be planning to create a railway there too since it will connect them to South Sudan.

Time's running out. We need to stop these pointless bickering in Somalia get to building before we end up replacing our shilling with the yuan.

Even if it cuts prices with transport for them we can go even lower lol, were literally totally free market, plus no regulation or taxes

 

[SilentE1001]

You're hatred makes you all dumb, this is how China controls a country or owns a piece of land that in that country. They fully open this port they built in Sri Lanka when it didn't keep up payments expanded it for there military now same is happening to Kenya and not long Djibouti which already borrowed billions from them.

Whereas Berbera port is still owned by the state but managed by an external party. We seen the benefits to Berbera and Somaliland ever since they signed on all the factories being built etc. The corridor under construction Berbera Road network

 

[Muji]

Google how many Somalis live in Kenya

Grow up

 

[Tukraq]

Google how many Somalis live in Kenya

Grow up

win win for them, they use Kismayo port anyways to beat the market which is why there business outsell the kenyatti ones and the reason Eastleigh market is the most dominant

 

[Muji]

win win for them, they use Kismayo port anyways to beat the market which is why there business outsell the kenyatti ones and the reason Eastleigh market is the most dominant

Something tells me this won’t happen.

I can’t take anything you say seriously since you claimed in another thread that you’ll be a billionaire.

 

[Tukraq]

Something tells me this won’t happen.

I can’t take anything you say seriously since you claimed in another thread that you’ll be a billionaire.

I will inshallah, keep doubting though

 

[kickz]

https://www.africanstand.com/busine...nyas-main-port-over-unpaid-huge-chinese-loan/

The port is useless as well, Ethiopia and Somalia have stopped trading through it.

Once Kismayo port gets proper development and administration it will be over for them

 

[Apollo]

China is a loan shark.

They give out loans to poor countries knowing that they can't pay it back and then they take over their critical infrastructure.

Imperialism 2.0.

 

[Pipit]

I even heard they own the port in greece

China can’t stop and won’t stop

They even got economic ports in pakistan and Sri Lanka By this rate the Indian Ocean will be renamed to the Chinese ocean