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The Standard e-Paper
Kenya's Bold Newspaper
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.
A loan taken by the Lake Basin Development Authority (LBDA) to build a mall has now risen to Sh4 billion due to accrued interest charged for failure to service the debt.
The principal amount from Co-operative Bank for additional construction work on the controversy-ridden project in Kisumu was Sh2.5 billion but it has piled up penalties.
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