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.
Diversified investment firm Fountain Enterprise Programme (FEP) Holdings is offloading its entire Sh107 million stake in third-tier lender Credit Bank.PHOTO: COURTESY
Diversified investment firm Fountain Enterprise Programme (FEP) Holdings is offloading its entire Sh107 million stake in third-tier lender Credit Bank.
The decision comes after the regulator, Central Bank of Kenya, declined to approve its application to acquire one quarter of the Simeon Nyachae’s majority-owned lender on grounds of unclear share register and low financial capability.
Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today