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, KENYA: Kenya's TransCentury Ltd expects to settle its outstanding dollar debt in the near future, the investment firm said on Monday.
Shares in TransCentury, which was founded by a group of wealthy Kenyan friends in 1997, had plunged about 70 percent in the past year, raising concerns about its ability to repay the $75 million that is due next month.
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