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.
The Kenyan government and two dominant and deep-pocketed foreign shareholder groups at East Africa's most profitable company, Safaricom, are set to lock horns over the control of the giant telco's board.
Safaricom, which is partly owned by South Africa's Vodacom and Britain's Vodafone, is expected to pick a new chairman following the exit of veteran corporate banker John Ngumi from the telco's board of directors and consequently as the chairman of the board last month.
Following the development, Safaricom announced last week that renowned Nairobi lawyer Adil Arshed Khawaja had been appointed as Ngumi's replacement on the board.
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