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 MD and CEO Atul Shah during demolition of Ukay Centre. [Jonah Onyango, Standard]
A showdown is looming after the Sh2 billion Nakumatt head office charged to four banks was yesterday put on auction by one of the lenders.
Last week, Bank of Africa won the claim to the property in court, seeking to sell it and recover a Sh700 million loan advanced to the collapsed supermarket chain.
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