Kenyan Railways is set to restart a multi-billion-dollar railway extension that was financed through revenue securitisation after a six-year stall by China's funding cuts. The project, which was completed in 2017, had been delayed for over six years after initial lending from Beijing dried up due to cuts in funding for large African infrastructure projects under its Belt ​and Road Initiative. Critics have accused China of using large, often opaque loans to aid in infrastructure projects, a claim rejected by the Chinese government. The deal was made possible by an agreement between African leaders and China at a 2024 Beijing summit to focus on investments rather than debt. The financing setup is beneficial for Kenya given it has limited room to borrow or space to raise cash through taxes.