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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.
In what can only be described as a bad move for the capital market, the Jubilee administration recently reintroduced Capital Gains Tax (CGT), which will come into effect in three weeks’ time.
There is nowhere the impact of this tax would be felt more than the local stock market.
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