China grants 104 million USD loan to Kenyan hospital


Nairobi: On Wednesday May 29, 2019, The Republican of China approved 104 million USD to Kenyan authorities for hospital, according to Chinese Economic and Commercial Counselor of Chinese Embassy Guo Ge, “During the handover ceremony in Nairobi, the donation was handed over to Kenyatta University Teaching Referral and Research Authority.”

“It is the first hospital project which is fully funded by Chinese concessional loan. The hospital has been equipped with the world-class medical facilities which are not only in Kenya but also in China,” he said.

Guo added, “The hospital was built by China Jiangxi International Economic and Technical Cooperation Co., Ltd. As a consistent growth partner and true friend, the Chinese Government collaborates thoroughly with the Kenyan side and has delivered immense financial and technical maintenance since 1960s, adding that Chinese Government which has presented a lot of loan support to Kenya.”

He continued, “With these loans, dozens of ventures were finalized, such as Thika road, Nairobi bypass roads, several transmission lines, 140 mw Olkaria Geothermal wells and also Mombasa-Nairobi Standard Gauge Railway [SGR].”

The chairperson of Kenyatta University Teaching Referral and Research Hospital Ms. Olive Mugenda thanked Chinese government and said, “The new modern hospitals will accompany the slog of the two other current referral hospitals in Kenya”.

“We will achieve a dry run of the hospital at the end of July ahead of the inaugural of the capability to patients in mid-August,” she said.

In addition, the knack is probably swarming the first breast cancer treatment facility in Kenya.

Joseph Kinyua, head of public service said, “Kenya losses significant sum of foreign exchange when her inhabitants go abroad to pursue for medical treatment.”

“This hospital facility will help Kenya to diminish outbound health tourism and endorse incoming medical tourism from the rest of Africa,” he added.

Reports stated that the Chinese ambassador distinguished that partial of all loans from China are on privileged disseminate on buyer credit and also on government concessional loans which were at low interest rates. Those loans were just a quarter or even less that the prevailing international financial market rates.


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Syeda Faiza

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