×

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.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

NEWS & CURRENT AFFAIRS

Digital News

Banks take control of Athi River Mining over Sh15 billion debt

By Paul Wafula | 7yrs ago

Athi River Mining Cement Company

Commercial banks have pounced on what is left of Kenya’s second-largest cement maker Athi River Mining (ARM) after they took control of the firm seeking to recover Sh15 billion owed to them.

Nigeria-headquartered UBA Bank, which led the onslaught, appointed joint administrators from audit firm PricewaterhouseCoopers (PwC) on Friday.

Get Full Access for Ksh299/Week

Uncover the stories others won’t tell. Subscribe now for exclusive access

Unlimited access to all premium content
Uninterrupted ad-free browsing experience
Mobile-optimized reading experience
Weekly Newsletters
MPesa, Airtel Money and Cards accepted

Already a subscriber? Log in

Related Topics

Athi River Mining (ARM) UBA Bank PricewaterhouseCoopers (PwC) Nairobi Securities Exchange (NSE) Capital Markets Authority (CMA)

.

Similar Articles

Christmas fever: Five was to avoid borrowing without a realistic repayment plan

Christmas fever: Five was to avoid borrowing without a realistic repayment plan

With inflation soaring and the cost of living showing no signs of easing, many Kenyan households are increasingly turning to digital credit to bridge their financial gaps.

By Agnes Muthoni

3 hrs ago

Stakeholders push for youth-led solutions to East Africa's agriculture challenges

Stakeholders push for youth-led solutions to East Africa's agriculture challenges

Participants highlighted the urgency of youth involvement, emphasising inclusivity in agricultural practices and capacity building.

By Esther Nyambura

5 hrs ago

Right direction for the country, Mbadi defends Safaricom stake sale

Right direction for the country, Mbadi defends Safaricom stake sale

National Treasury Cabinet Secretary John Mbadi has defended the government's plan to sell 15 per cent of its 35 per cent Safaricom stake for Sh204.3 billion, dismissing concerns over.

By Ronald Kipruto

6 hrs ago

Who owns Kenya?: 2pc control over half of arable land

Who owns Kenya?: 2pc control over half of arable land

A handful of Kenyans hold more than half of arable land, which is largely idle with allegations that a substantial proportion of this land has been acquired irregularly.

By Macharia Kamau

12 hrs ago

Treasury pockets Sh245b from Safaricom sale

Treasury pockets Sh245b from Safaricom sale

Vodacom also agreed to buy the right to receive future Safaricom dividends and will make an upfront payment of Sh40.2 billion to the Treasury.

By Brian Ngugi and Graham Kajilwa

13 hrs ago

Mbadi: Cash raised from Safaricom shares sale to fund infrastructure

Mbadi: Cash raised from Safaricom shares sale to fund infrastructure

The government’s planned sale of a 15 per cent stake of its shareholding in Safaricom to Vodafone Kenya for Sh244.5 billion will help to raise money for critical infrastructure projects.

By Graham Kajilwa

13 hrs ago

CS Joho on spot over licencing of Devki's multi-billion iron ore deal

CS Joho on spot over licencing of Devki's multi-billion iron ore deal

The Ministry of Mining is on the spot for issuing Devki Group of Companies permission to extract iron ore for his Sh11 billion steel plant without consent from ranch owners.

By Renson Mnyamwezi

15 hrs ago

Global firm acquires local insurance platform mTek

Global firm acquires local insurance platform mTek

Kenyan-based digital insurance platform mTek has been acquired by Bolttech. The move advances Bolttech’s strategic goals in East Africa and enhances the group’s global embedded insurance capabilities.

By Nanjinia Wamuswa

21 hrs ago

Gulf bank unveils financing solution for pilgrim travelers

Gulf bank unveils financing solution for pilgrim travelers

The expo took place on November 29, 2025, at Business Bay Square Mall, in Eastleigh Nairobi.

By Selina Mutua

1 day ago

Multi-sectoral network calls for Sh9.7 million grant funding application for resilient cities

Multi-sectoral network calls for Sh9.7 million grant funding application for resilient cities

The Million Lives Collective on Wednesday joined forces with the Judith Neilson Foundation to call for $75,000 (Sh9,708,750) grant funding to design.

By Selina Mutua

1 day ago

.

Latest Stories

Christmas fever: Five was to avoid borrowing without a realistic repayment plan

Christmas fever: Five was to avoid borrowing without a realistic repayment plan

By Agnes Muthoni

3 hrs ago

Stakeholders push for youth-led solutions to East Africa's agriculture challenges

By Esther Nyambura

5 hrs ago

Right direction for the country, Mbadi defends Safaricom stake sale

By Ronald Kipruto

6 hrs ago

Who owns Kenya?: 2pc control over half of arable land

By Macharia Kamau

12 hrs ago

Treasury pockets Sh245b from Safaricom sale

By Brian Ngugi and Graham Kajilwa

13 hrs ago

.

The Standard Insider

GET OUR NEWSLETTER

Subscribe to our newsletter and stay updated on the latest developments and special offers!

CONNECT WITH US

FOR THE LATEST JOB ADVERTS

join Digger Classifieds telegram channel

© 2025. The Standard Group PLC. All rights reserved