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.
Absa Bank branch on Mama Ngina street, Nairobi. [File]
Absa Bank’s net profit dropped by almost 90 per cent in the first six months of the year, largely due to a Sh5.4 billion provision for loan defaults by borrowers distressed by the Covid-19 pandemic.
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