Shocking details of mysterious local owners of SGR firm

What you need to know:

  • The company, Africa Star Railway Operation Company Ltd, is majority-owned by CRBC, but the other shareholders remain a mystery with details unavailable at the Registrar of Companies.
  • In the first six months of operation, the operator was to earn Sh13.3 billion for the passenger service trains, even as the service was being marketed and travellers yet to get familiar with it.

  • The fixed service monthly payment is for running two pairs of passenger trains, one pair of cargo trains and another pair of empty container trains between Nairobi and Mombasa.

Kenya signed a secret agreement with the Chinese allowing a mystery company with unknown local shareholders to run the Standard Gauge Railway, documents seen by the Sunday Nation show.

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