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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.
Digital microlender Tala has provided Sh300 billion in credit to 3.5 million customers in Kenya over the past decade, underscoring the competitive threat posed to commercial banks by the mobile lending model.
The Nairobi-based firm, which also operates in Mexico, the Philippines and India, said on Friday it will use a fresh capital injection to expand access to cheaper loans and launch new products.
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