×
The Standard e-Paper
Home To Bold Columnists
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.
Safaricom's plans to expand its Ethiopia operations have received a huge financial boost after the World Bank's private investment arm injected $257.4 million (Sh35.8 billion) into the consortium.
Under the deal, the International Finance Corporation (IFC) will invest Sh21.8 billion in exchange for a minority stake of 7.25 per cent, and a further Sh13.9 billion in form of a loan.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join