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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.
The Standard Group has announced plans to raise Sh1.5 billion through a rights issue, subject to shareholder and regulatory approval.
The move aims to strengthen the Nairobi Securities Exchange (NSE)-listed company's balance sheet and capitalise on digital growth opportunities as part of an ongoing reorganisation by the media firm in a changing operating environment.
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