(Xinhua) -- Africa Star
Railways Operations Company, which runs the standard
gauge railway (SGR) in Kenya, on Wednesday refuted a
Kenyan newspaper report that it has Kenyan shareholders.
The Chinese firm said in a statement that it is fully
owned by the China Road and Bridge Corporation and is
duly registered in Kenya specifically for SGR operation
"Africa Star has no local shareholders or
subsidiaries," said Dai Yunjie, deputy manager director
of Africa Star.
"However, according to the operation arrangement, the
company is to employ local employees and provide
training so that by the end of the contract, the SGR
operation would have been handed over to Kenyans," said
The official added that the company would like to
assure all those concerned that SGR is operating
professionally and would continue doing so in the coming
A recent report by a Sunday newspaper alleged that
Kenya has signed a secret agreement allowing a mystery
company with unknown local shareholders to run the
standard gauge railway.