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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.
Details of shadowy shareholders in local firms, including foreigners, will now be laid bare after the Attorney General published regulations requiring firms to keep a register of beneficial owners.
In what is seen as another attempt by the State to combat money laundering, Kenya has joined other jurisdictions such as the European Union in tasking firms to reveal personal details of individuals owners with a stake or voting right of at least 10 per cent.
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