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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.
The lenders are said to be owed Sh6.445 billion by the steelmaker, which remained unpaid despite demand. [File, Standard]
Plans by four banks to recover Sh7.5 billion from a cash-strapped steel plant have been derailed by a court decision that asked the receiver-manager to furnish a new creditor with information.
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