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The Standard e-Paper
Kenya's Bold Newspaper
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.
An intense seven-hour meeting yesterday breathed new life into Uchumi Supermarkets after creditors owed more than Sh5 billion voted for the second time to have the retailer’s debts restructured.
Creditors including banks, suppliers and shareholders agreed on the Company Voluntary Agreement (CVA) that will see them take a 30 per cent haircut and get repaid in parts within six years.
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