Kenya’s Chinese railway paints a terrible financial picture for the future
Several years ago, the Chinese government offered a helping hand to Kenya by building them a renewed railway all the way from Mombasa to the capital Nairobi. This allowed the transportation time to be cut by more than 3 hours and have the logistics of every importer be a bit more manageable. Although that was indeed the case, considering that most importers could simply load up all of their goods straight in the port and send it directly to the capital, it increased the prices of transportation drastically.According to some, the prices grew by nearly 50%, and there was almost no alternative as well, due to pressure from the gover...