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.
Parliament passed the Privatization Act of 2023, which was assented to by President William Ruto on October 9, 2023, that repealed the Privatization Act of 2005. [PCS]
A fresh bid to stop the government's plan to sell some hotels and parastatals has been lodged before the High Court.
The Kenya Kwanza administration is being accused of skirting the law that requires the government to involve the National Assembly and the Treasury Cabinet Secretary for approvals and oversight.
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