×
The Standard Group PLC 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.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

Auditor questions reduced State shares in Kenya Commercial Bank (KCB)

A Kenya Commercial Bank banking hall. Kenyans may have lost more than Sh35 billion in KCB through unexplained transfer of shares held by the State. (PHOTO: COURTESY)

Kenyans may have lost more than Sh35 billion in Kenya Commercial Bank (KCB) through unexplained transfer of shares held by the State.

Changes in shareholding in the once fully Government-owned lender have seen the stake fall to 17.74 per cent.

Get Full Access for Ksh99/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in