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.
Revenues from Fuliza fell nine per cent in the year ended March 2023. [File, Standard]
Two weeks after his inauguration, President William Ruto made good on one of his campaign promises to bring down the cost of digital loans with a special emphasis on Safaricom's Fuliza overdraft facility.
After a series of meetings and a hurriedly scrambled press briefing, Safaricom, NCBA and KCB Bank announced the restructuring of Fuliza starting October 1, 2022.
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