×
The Standard e-Paper
Home To Bold Columnists
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.
NAIROBI, KENYA: Diamond Trust Bank is banking on Nakumatt’s creditors taking up a debt swap deal offered to them to recoup some of its money from the ailing retailer.
The lender is owed Sh3.6 billion, which is about half of the Sh6.9 billion that Nakumatt owes local banks and more than 10 per cent of the Sh30 billion owed to all creditors, including suppliers.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join