Why US firm lost Sh468bn Mombasa expressway suit

An American firm lost its legal battle to salvage the proposed Sh468 billion Nairobi-Mombasa toll expressway contract after a tribunal upheld the State’s decision to cancel the project due to the company's financial and technical weaknesses. Everstrong Capital failed to demonstrate adequate financial capacity after the exit of cornerstone investor Mota-Engil, raising doubts about the project's viability and leading American lenders to withdraw support due to Mota-Engil's Chinese connections.