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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.
Uchumi has had a bad reputation over the years regarding the financial ability to sustain profitability.
Last year, it survived a court petition to wind up after several creditors held that it owed them close to Sh300 million. In January, it announced that it made a Sh2.8 billion post tax loss.
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