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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.
Majority shareholder in the firm that operates Serena hotel brand has agreed to a debt swap deal that will see it increase ownership in the hotel.
Aga Khan Fund for Economic Development (Akfed) announced yesterday it has agreed to convert $14.5 million (Sh1.7 billion) loan owed by TPS Eastern Africa into equity.
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