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Railway network expansion: Kenya turns to Panda bonds

17/06/2025
Categories: Sectors

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Kenya has launched a process to issue its very first Panda bond on the Chinese financial market, according to comments attributed by the local press to the Director General of the Public Treasury, John Mbadi. The funds are expected to be used to extend the standard gauge rail (SGR) network to Uganda by 475 km, a project that has been delayed for some years due to lack of

funding.

Kenya is set to begin construction of the $4.5 billion Naivasha-Malaba standard gauge railway line by December. This project marks a major advance in the project of

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