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.
Collapse of Nakumatt and other stores leaves in its wake huge losses for suppliers and lenders
All under one roof and in five minutes on a Tuesday marked by uncertain weather, creditors voted to dissolve what was once East Africa’s biggest supermarket.
Nothing could lift the gloom. Not even the elegiac Swahili gospel song asking God to “show His face” that was playing in the background during the voting process.
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