Kenyan President Ruto’s administration plans to raise KES 516.8 bln (USD 4 bln) by securitizing the 2% Railway Development Levy on imports to fund the Standard Gauge Railway (SGR) extension from Naivasha to Malaba. The project, the largest in East Africa since the 2019 Mombasa–Nairobi SGR, will be supported by Etihad Rail (UAE) for freight operations. A separate deal with China aims to extend the SGR beyond Malaba to South Sudan, Ethiopia, and the DRC.