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.
Kenya’s central bank will have to approve any plans by commercial lenders to issue dividends for this year, it said in a memo to bank executives on Monday, an unusual move caused by the coronavirus crisis.
Lenders have seen their earnings plunge in the first half of this year, hit by higher provisions for bad loans, on the back of the COVID-19 pandemic.
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