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.
Safaricom has for the first time reported a fall in earnings as the effects of the coronavirus pandemic eroded earnings for the giant telco.
According to the company’s half-year results for the 2020 financial year, profit after tax stood at Sh33 billion, down from Sh35 billion recorded in a similar period last year, with M-Pesa standing out as the biggest driver for the decline in earnings.
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