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The Standard Group Plc is a
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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: Woes of debt-ridden Nakumatt Holdings Limited continued to escalate on Monday after United Bank of Africa (UBA) sued it to recover Sh119 million unpaid loan.
The bank moved to High Court seeking to sell Parkview Shopping Arcade to recover its dues even as the retailer’s recovery got complicated with the possibility of Tuskys Supermarket backing out from the deal.
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