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.
Uchumi C.E.O Julius Kipngetich taken on 14th July 2016. PHOTO:WILBERFORCE OKWIRI
Uchumi Supermarket received just a quarter of proceeds from the sale of Ngong Road Hyper after Kenya Commercial Bank took the rest to settle the retailer’s debt.
According to the company’s latest financials, it received Sh342 million for the prime property in Nairobi, which was sold for an estimated Sh1.4 billion.
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