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.
Muhoroni sugar company which has been closed indefinitely and reposesed by Kenya Revenue Authority (KRA) . (Collins Oduor, Standard)
The Sugar Directorate is scheduled to open talks with the Kenya Revenue Authority (KRA) over the recovery of a Sh1 billion debt owed by Muhoroni Sugar Company, which has since temporarily shut down.
Muhoroni joint-receiver manager Asa Okoth said they were banking on the scheduled break in operations to push for a suspension of debt collection by the taxman to allow the company use its working capital to recover from operational difficulties.
Premium Article
Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.