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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The downward trend in interest rates is bound to be a major reprieve for Centum as the quoted investment firm considers the possibility of issuing a Sh5 billion bond to finance major private equity acquisitions in East Africa.
Higher interest rates has seen the Government defer an ambitious $200 million (Sh17 billion) bond plan meant to upgrade the Nairobi Commuter Rail System. Barclays Bank also suspended plans to raise the final Sh2 billion of a medium-term note partly because of unfavourable market conditions.
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