Kenya should renegotiate the $4.5bn loan it agreed with China to build the $3.2bn standard gauge railway between Mombasa and Nairobi, and cut the operating cost of the line by half, the country’s parliamentary transport committee has concluded (PDF). Committee chair David Pkosing said “the entire loan framework should also be renegotiated” […]

By Dr Nnaemeka Onyeka Obiaraeri, FICA The total debt profile of Nigeria currently stands at over $64billion/N19.6trillion. Kindly note that the total debt profile of Nigeria at all levels grew by over N7.16trillion/$23billion over the last two years, with the external debt profile inching up from $9billion in 2015 to […]

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