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 Auditor General in a 2018 report indicated that the government had used the Port of Mombasa as security for the Chinese loan used in the construction of the railway line.
Kenya borrowed $3.2 billion (Sh384 billion at today's exchange rate) for the construction of the Mombasa-Nairobi line and $1.5 billion (Sh180 billion) for the Nairobi-Naivasha phase.
According to the audit report, the Exim Bank of China would take over the port and become the principal shareholder of KPA.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join