×
The Standard e-Paper
Fearless, Trusted News
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Kenya: The Government could be forced to pay billions of shillings in compensation to mining companies whose licences were revoked by Mining Cabinet Secretary Najib Balala. Legal experts say this is due to the State’s disregard of bilateral agreements on investment.
According to an international law firm King & Spalding in the report titled, “Recent Developments: Kenya—What legal Options are Available to Mining companies?” says Kenya could be forced to pay the affected mining firms. This is because by cancelling their licences, the Government went against bilateral investment treaties it entered with other countries.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join