-
South Korea hire former Spain boss Moreno as interim coach
-
US Army Secretary Driscoll submits resignation: White House
-
China-Taiwan friction clouds Pacific summit
-
Oil extends gains, stocks drop as Trump issues fresh Iran warning
-
Two dead after stabbing in New York's Times Square
-
Tsitsipas says Kyrgios's positive cocaine test 'kind of expected'
-
Anthropic signs $35B computing deal with startup backed by Nvidia
-
In Japan's mountains, a different way to manage bears
-
Drones in Ithaca: Azov's Odyssey turns Ukraine war into modern myth
-
Middle East war a boon for UAE defence giant with global ambitions
-
Boat builders keep Pakistan's fishing heritage afloat
-
Former gang member found guilty of murdering Tupac Shakur
-
Australia axe Labuschagne for Zimbabwe, South Africa ODI series
-
Top-seeded Zverev opens US Open campaign
-
Heavy rain at Grand Canyon after flood kills 2, dozen missing
-
US regulator, 22 states accuse Amazon of 'manipulating' ad auctions: lawsuit
-
Kushner blames soccer power struggle for World Cup plan collapse
-
TRON Founder Justin Sun Shares Outlook on Bitcoin, Stablecoins and Global Finance at Bitcoin Asia 2026
-
Buoyant Alcaraz shakes off nerves to advance at US Open
-
Tributes to 'eternal' Messi on Argentina retirement
-
US draws European pushback with Russia G20 finance invite
-
Arteta hails Arsenal's 'finishers' after Saka kills off Villa
-
Jury begins deliberations in Tupac Shakur murder trial
-
Yamal, Raphinha bag braces as Barcelona rout Rayo
-
US Supreme Court allows Trump ballroom project to proceed
-
Alcaraz makes winning return at US Open, Sabalenka safely through
-
Trump says US reviewing position on Falkland Islands
-
Everton agree to sign Monaco's Balogun: reports
-
Saka strikes as flawless Arsenal punish troubled Villa
-
Milei calls for F1 to return to Argentina
-
Oil prices surge on renewed fighting in US-Iran war
-
Alcaraz wins US Open first-round match after injury layoff
-
Cycling superstar Pogacar has surgery after Vuelta crash
-
Kyiv orders heightened security amid intense Russian drone strikes
-
Man City agree deal for Everton's Ndiaye
-
Sabalenka kickstarts US Open three-peat bid as Fils crashes out
-
Apple CEO Tim Cook gives nod to founder Steve Jobs in final memo
-
Fils upset by resurgent Tsitsipas at US Open
-
Russian finance minister makes unexpected appearance at G20
-
Trump says AI data center opponents want to be 'backwards and poor'
-
Happy to be back in NY, Sabalenka advances
-
Pakistan ditch coaches, send seven players home after England defeats
-
Naomi Watts to receive lifetime award at top Spain film fest
-
Galliano pulls Met Gala exhibit after antisemitism backlash
-
Jury hears closing arguments in Tupac Shakur murder trial
-
Afghan people should 'not be abandoned': top Red Cross official
-
Pakistan sack coach, send seven players home after England defeats
-
Six defining moments of Lionel Messi's Argentina career
-
New storms threaten Grand Canyon flood search, 2 bodies recovered
-
Trump blasts US backlash against data centers
Kenya, Uganda double down on rail extension burdened by Chinese debt
The presidents of Kenya and Uganda met near their shared border Saturday to mark the multi-billion-dollar, long-delayed extension of a Chinese-built railway that has left Kenya heavily in debt.
The Standard Gauge Railway, built from 2013 to 2019, connects the Kenyan port of Mombasa to its capital Nairobi, and on to the lake town of Naivasha, but China refused further lending before it could be extended to Uganda as planned.
Kenya now spends roughly $1 billion a year servicing Chinese debt, most of it borrowed to build the railway.
That is far more than the line generates in revenue -- around $165 million last year -- even if passenger and cargo numbers have been growing strongly over the past year.
A report by Kenya's auditor general last year found more than $260 million had been wasted just on penalties and interest from late debt payments.
Yet despite the controversy over the cost, Kenya has been keen to finish the line.
Kenyan President William Ruto said the rail link will "define generations", speaking at a ceremony in grand pomp and circumstance with his Ugandan counterpart Yoweri Museveni in Kisumu, near the Kenya-Uganda border.
Ruto argued the line would slash logistics costs that "undermine competitiveness" in east Africa.
If the ambitious building schedule is to be believed, the line is due to reach Kisumu by June 2027. The next phase will then take the line to Malaba, a town on the border.
"Cargo takes an average of 80 hours to move from Mombasa to Malaba and more than 100 hours to reach Kampala," the Ugandan capital, Ruto said.
"We cannot build prosperity on inefficiency."
- 'Irrational and wasteful' -
Museveni said the line would reduce the inefficiencies in his own country's infrastructure.
"The railway is part of the rationalisation of our transport system, especially on the Uganda side, which is irrational and wasteful," the veteran leader told the ceremony.
Later, he posted on X that "by shifting bulk cargo from roads to rail and pipelines, we reduce transport costs, protect infrastructure and improve efficiency".
Ruto broke ground on the next phase in Narok County on Thursday, arguing that it will create jobs and reduce road congestion.
"We have thought through this project (and)... its finance," he insisted.
Treasury estimates say the overall cost will be more than 500 billion shillings ($3.9 billion), according to Kenya's Business Daily.
Kenya is not taking more cash from Chinese banks this time -- instead borrowing against future cargo taxes -- though it is partnering with Chinese transport firms to build the new phase.
China lent Kenya $9.7 billion between 2000 and 2019, according to the Chinese Loans to Africa Database by Boston University, with around half of that going to the railway.
It stopped lending from 2020 to 2023 as Kenya struggled to make repayments, at a time when China revised its broader lending strategy in Africa.
Kenya considers the railway extension crucial for strengthening trade through east and central Africa, hoping to reach landlocked countries such as Uganda, Rwanda, South Sudan and the mineral-rich Democratic Republic of Congo.
Q.Najjar--SF-PST