Port operator in Mombasa drops London listing bid

Cargo containers at the Port of Mombasa on January 11, 2022. PHOTO | KEVIN ODIT | NMG

Comarco Group, the operator of a private port in Mombasa, has abandoned plans to list on the London Stock Exchange (LSE) through a reverse takeover of UK’s publicly-traded company Anglo African Agriculture.

The port and marine logistics firm took a $1 million (Sh113.5 million) secured loan from AAA on November 12, 2018 for general working capital.

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