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.
At the close of the last financial year, Kenya was rumoured to have defaulted on a scheduled payment for an assortment of Chinese financiers behind the Standard Gauge Railway, a claim vehemently denied by former Treasury boss Ukur Yatani.
The denial aside, the consequences of default, like any other high-interest loan, posed a potential danger to the county's economic well-being hence the alarm these reports caused.
Since the launch, details of Kenya's deal with China for the construction, management, pay and subsequent handover of the project have been scanty with the contract that put Kenya in near-perpetual debt to the Chinese known only to a few individuals.
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