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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.
KCB Group, Kenya's biggest lender by assets, has proposed to take over National Bank of Kenya through a share swap, to increase its share of the government's banking business, documents seen by Reuters showed on Monday.
Kenya's banking industry is undergoing consolidation after the closure of two mid-sized lenders and a third smaller one, in the months to April 2016, exposed weaknesses caused by corporate governance lapses.
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