Kenya could lose the port of entry to China ’s Exim Bank if it defaults on loans taken out against the facility . Port fees were used as security to guarantee the loans , something undisclosed by the Kenya Ports Authority ( KPA ) . Read Now » China tightened its grip on Kenya's economy, extending about Sh165 billion in loans last year, latest data shows. A letter from auditor general Edward Ouko ’s office said the KPA ’s property was at risk as it would not be protected by sovereign immunity in the event of sanctions against it . It could neither be guaranteed to offer fair arbitration on the matter , the Auditor General said in the letter , which it has since disowned .
Kenya could lose the port of entry to China ’s Exim Bank if it defaults on loans taken out against the facility . Port fees were used as security to guarantee the loans , something undisclosed by the Kenya Ports Authority ( KPA ) . A letter from auditor general Edward Ouko ’s office said the KPA ’s property was at risk as it would not be protected by sovereign immunity in the event of sanctions against it . It could neither be guaranteed to offer fair arbitration on the matter , the Auditor General said in the letter , which it has since disowned .