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.
Njoroge Nganga, former CEO Home Afrika who was let go in September last year after the firm registered poor returns. [PHOTO: FILE]
Listed property developer Home Afrika has been compelled to refund Sh300 million raised through a failed corporate bond in 2014 further deepening the company's financial woes.
This follows a directive from the Capital Markets Authority (CMA) after Home Afrika was found to have inflated interest rate to make the bond more appealing to potential investors.
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