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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The oil sector is yet again the subject of billions of shillings in lost revenues. At the heart of a cash-rich industry is a group of hard-wired cartels costing the East African economy a combined Sh16 billion in uncollected taxes annually.
Dodgy dealers are known to have perfected the art of evading taxes including diverting products intended for export to other East African markets that might not have adequate rules on pre-shipment inspection and minimum quality requirements.
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