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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.
China is an important economic player in Africa. In 2021 alone, China accounted for nearly US$5 billion in foreign direct investment in African countries. The rapidly increasing Chinese presence across Africa has become a contentious issue both for Beijing and African governments.
In particular, mega-projects funded by China have resulted in public controversies about the relationship between external investments and public debt. China is Africa's biggest bilateral lender. In 2020, it held over US$73 billion of Africa's public debt and nearly US$9 billion of its private debt. Due to this, US Treasury Secretary Janet Yellen has accused China of leaving countries "trapped in debt".
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