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.
Postal Corporation of Kenya liabilities were vested in the corporation in 1999 through Legal Notice 156. [File, Standard]
The Postal Corporation of Kenya’s liabilities are almost hitting Sh10 billion. This is as the latest Auditor General's report on the entity’s financial health shows it still renders services to clients who are unable to pay.
The Auditor General's report for the 2023/2024 financial year shows liabilities for the cash-strapped parastatal stood at Sh9.6 billion as of June 30, 2023.
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