Mombasa could lose the port of Mombasa to China ’s the Auditor General if it defaults on loans taken out against the facility. Port assets were used as security to guarantee the loans, something undisclosed by the Kenya Ports Authority ( KPA ). But on Wednesday evening, Office of the Auditor General while responding to media reports has disowned the report, stating that it did not come from its offices. A letter from auditor general Edward Ouko's ’s office said the KPA ’s property was at risk as it would not be protected by sovereign immunity in the event of proceedings against it. Mombasa could neither be guaranteed to offer fair arbitration on the matter, Exim Bank said in the letter, which it has since disowned.
Mombasa could lose the port of Mombasa to China ’s the Auditor General if it defaults on loans taken out against the facility. Port assets were used as security to guarantee the loans, something undisclosed by the Kenya Ports Authority ( KPA ). A letter from auditor general Edward Ouko's ’s office said the KPA ’s property was at risk as it would not be protected by sovereign immunity in the event of proceedings against it. Mombasa could neither be guaranteed to offer fair arbitration on the matter, Exim Bank said in the letter, which it has since disowned.