China Exim to fund Kenyan port rail link

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Middle East & Africa

Jonathan Bell

Editor-in-chief

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The Chinese and Kenyan governments have signed an agreement whereby Chinese contractors will build a new rail link between the Indian Ocean port of Mombasa and the Kenyan capital Nairobi. The project is estimated to cost $2.6 billion, and the Export-Import Bank of China (China Exim) has been positioned as the principal financing entity.