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The Standard Group Plc is a
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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.
Equity Bank is facing hundreds of millions of shillings in capital gains tax if it does not conclude key transactions by December 31, 2014.
The bank yesterday held an extraordinary general meeting where the management expressed concerns that high-value transactions might be caught up by the capital gains tax (CGT), which comes into force on January 1, 2015.
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