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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Cash-strapped real estate developer, Home Afrika, is eyeing a rights issue and other suitable investors to raise Sh5.5 billion to improve its capital position.
The firm will be seeking to convince shareholders to allow them to double the company’s authorised share capital from the current Sh500 million to Sh1 billion. This will be subjected to shareholders’ approval during the Annual General Meeting slated for the end of the month.
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