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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.
The taxman sees a potential negative impact on the tax revenue generated by Kenya's commercial banks after their earnings slowed due to challenging operating conditions.
The development marks a huge blow for Kenya Revenue Authority (KRA) as the banking sector has historically been a significant source of income for the government.
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