Current Events: Kenya’s 3.8 Billion Dollar Railroad
Kenyans have high hopes for their new 3.8 billion dollar railroad that will connect Kenya to 6 other African countries. It will run over 300 miles long. China is helping fund this railroad, and it is the country’s biggest investment since their investment in independence. This railroad is a massive risk because it is 6% of Kenya’s GDP, so it is a controversial subject, but they are staying hopeful that they will be able to pay it back to the Chinese.
I think that it is great that the Chinese are helping Kenya with such a huge project. It is about time that parts of Africa become more industrialized after all of the war and poverty that has been going on over there. I can’t believe that this investment is as big as their independence and i really hope that this will lead to more opportunities that will allow them to pay off their debt. http://www.cnn.com/videos/cnnmoney/2017/05/12/overtime-pay-explainer.cnn/video/playlists/stories-worth-watching/
This is very interesting! I agree that is a great thing for China to be helping out Kenya. I look forward to seeing the results of this project.
ReplyDeleteI agree I think that's great that China is able to help them out. It's also nice that they are staying hopeful and positive about the railroad and hopefully it works out.
ReplyDeleteThis is great for Kenya. They can now trade easier with other countries and put more money into their economy.
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