×
The Standard e-Paper
Join Thousands Daily
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.
NAIROBI: Mauritius is not in a hurry to sell a 23 per cent stake in British-American Investments Company Kenya (Britam), which it seized from a disgraced tycoon, because its share price is too low, the government’s receiver said last week.
Mauritius seized Dawood Rawat’s assets in early April after accusing him of running a ponzi scheme through a Mauritian insurer, sending Britam’s shares down by almost 25 per cent.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join