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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.
Thermal power producer IberAfrica is up for sale again. The owners of the company, which operates a diesel power plant in Kenya, are in the process of selling it to a Danish firm, AP Moller Capital.
The Copenhagen-headquartered firm will acquire IberAfrica through its Africa Infrastructure Fund (AIF) and said it had set aside Sh20 billion for the acquisition as well as other investments in Kenya.
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