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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.
Kenyan lawmakers on Thursday approved a government proposal to guarantee $750 million worth of debt owed by Kenya Airways, part of a broader financial restructuring, parliament said in a statement.
The loss-making airline, in which Air France KLM and the Kenyan government both have stakes, has struggled to return to profit after tourist traffic slumped four years ago following a spate of attacks by Islamist militants.
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