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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.
Doubts have emerged on whether a multi-million-shilling acquisition deal between Vehicle and Equipment Leasing Ltd (Vaell) and Alios Finance will go through.
The deal, which would have seen Vaell acquire a major stake in Alios’ Kenya, Tanzania, and Zambia operations, now hangs in the balance due to the uncertainty posed by the coronavirus pandemic that has thrown global markets into chaos.
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