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The Standard e-Paper
Kenya's Bold Newspaper
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.
NAIROBI, KENYA: Kenya risks losing the port of Mombasa to China's Exim Bank should the government default on paying loans.
A letter by Auditor General to Kenya Ports Authority (KPA) reveals that port's assets were charged as security to secure loans but KPA did not disclose this guarantee in the financial statements.
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