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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.
Nakumatt Holdings on Monday filed for bankruptcy and proposed that Peter Kahi of PKF Consulting Limited should be appointed as an administrator to help deal with creditors.
Cash strapped Nakumatt Holdings also closed its 19-year old Kisumu branch on Mega Plaza as it fights to cut back massive debts in a recovery bid.
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