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.
Tullow Oil is also experiencing problems with its Turkana oil project.
Two firms that have been searching for oil in Lamu have quit, further casting doubts on Kenya’s dream of riches from the fossil fuel.
Pancontinental Oil and Gas, and Far Ltd said they have issued the government with a surrender and termination notice, with expectations that the exit will be concluded by end of September.
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