CHINA might auction Kenya after leaked SGR contract….NI KUBAYA..

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Part of the agreement indicates that if Kenya defaults on the SGR loans, the Chinese government can take over KPA without notifying the Kenyan government.

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CHINA might auction Kenya after leaked SGR contract and according Financial Advisor Mohammed Wehliye he is now giving warning of a trouble that is likely to unravel after Cabinet Secretary for Transport And Infrastructure Kipchumba Murkomen leaked details of the Standard Gauge Railway contract.

Wehliye argues that although the public have the right to know the details of the contract, release of the contract by Murkomen today violates disclosure provisions in the contract.

He argues that Kenya cannot disclose contents of the contract without the consent of China who was the creditor.

He has alleged of a crisis to unfold with China set to punish Kenya severely for breach of confidentiality.

“Of course the public have the right to know but release of the contract contravenes disclosure provisions in the contract. Kenya cannot disclose content of contracts without creditor consent. Now watch a crisis unfold. China will severely punish KE for breach of confidentiality!” Wehliye argued.

In the contract that has Sparked debate in the country, China is to seize Kenya Ports Authority if Kenya violated the terms of agreement without notice to the government.

Roads, Transport and Public Works Cabinet Secretary Kipchumba Murkomen, has finally made public contract details of the Standard Gauge Railway (SGR) that cost taxpayers Ksh670B.Speaking during his vetting National Assembly’s Committee on Appointment, the newly sworn-in CS vowed to release details of the mega infrastructural project that former President Uhuru Kenyatta’s regime had closely guarded.Murkomen stated that Kenyans needed to know whether the Kenya Ports Authority (KPA) was used to guarantee the loans acquired to finance the project.

The CS has this evening revealed on his social media platforms that he has shared copies of the SGR agreement with the National Assembly Majority Leader Kimani Ichungwah and his Senate counterpart Aaron Cheruiyot.

Part of the agreement indicates that if Kenya defaults on the SGR loans, the Chinese government can take over KPA without notifying the Kenyan government.

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