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.
Industry and Enterprise Development Principal Secretary Julius Korir (centre), is shown finished electrical cable rolls by East African Cables Technical Manager David Mwangi (right). With them is the firm’s chairman Zephania Mbugua. The cable firm is one of the flagship investments of TransCentury. [PHOTO: JENIPHER WACHIE/STANDARD]
Investment firm TransCentury has secured a six-month extension to pay off a Sh4 billion debt that it owes its bond-holders.
The extension is part of a ‘sweetheart deal’ that will also see the bondholders receive only half of their money as full settlement of their bond.
Premium Article
Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.