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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.
The World Bank's private lending arm has been forced into a U-turn over its dealings with a Kenyan firm that wanted to set up a multi-billion-shilling cooking gas plant in Mombasa.
The International Finance Corporation (IFC) told The Standard it has cancelled funding to Mombasa Gas Terminal Ltd (MGT), dealing a blow to the project that was expected to help bring down the cost of the crucial commodity in the country.
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