×
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.
Tanzania has been ordered by a World Bank arbitration court to pay $185 million (Sh18.5 billion) to the Hong Kong subsidiary of Standard Chartered (StanChart) for breaching an energy contract.
The court’s ruling, which was released on Tuesday, adds to pressure on the East African nation, which faces at least two other multi-million claims from international investors.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join