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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.
Diamond Trust Bank (DTB) is planning to use part of proceeds from a rights issue done last year to open up new branches in Madagascar and the Democratic Republic of Congo (DRC).
Last year’s rights issue raised additional capital amounting to Sh3.6 billion, attracting a 440 per cent subscription rate, the highest out of the nearly 20 sets of rights issues undertaken by various listed firms at the Nairobi Securities Exchange (NSE) over the last decade.
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