The Port of Mombasa Was Never at Risk of Being Seized by China

A 2018 leaked report from Kenya's Auditor General sparked a years-long frenzy over whether the Port of Mombasa was put up as collateral against the loans from the China Exim Bank for the Standard Gauge Railway and could be seized in the event of a default. The story is now a foundational part of the "debt trap" lending narrative that continues to cloud Chinese infrastructure financing in Africa. A team led by Professor Deborah Brautigam, director of the China-Africa Research Initiative at Johns Hopkins University, spent the past two years researching the issue and concluded in a new report that the Auditor General was wrong in his assessment. Neither the Port of Mombasa nor any Kenyan asset was ever at risk of forfeiture to the Chinese. Deborah and two of her research colleagues, Vijay Bhalaki from Athena Infonomics and Paris-based attorney Laure Deron, join Eric & Cobus to discuss their findings. SHOW NOTES: The East African: Mombasa Port at risk as audit finds it was used to secure SGR loan: https://bit.ly/3Lgz76w The China-Africa Research Initiative: How Africa Borrows From China: And Why Mombasa Port is Not Collateral for Kenya's Standard Gauge: https://bit.ly/37D6i5H JOIN THE DISCUSSION: Twitter: @ChinaAfrProject | @stadenesque  Facebook: www.facebook.com/ChinaAfricaProject FOLLOW CAP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine عربي: www.akhbaralsin-africia.com | @AkhbarAlSinAfr JOIN US ON PATREON! Become a CAP Patreon member and get all sorts of cool stuff including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug! www.patreon.com/chinaafricaproject See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.