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.
A commercial court sitting in Nairobi has allowed Britam Holdings plc shareholders to reduce their share capital reserves from Sh13 billion to offset its Sh5.8 billion accumulated loss.
While agreeing with the private insurer, Justice Benjamin Njoroge said that neither the Capital Markets Authority (CMA) nor the Nairobi Securities Exchange (NSE) opposed the move.
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