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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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