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.
Kenyan authorities believe the item on the Athletics Kenya (AK) - Nike contract known as Honororia was a cover for unauthorised kickbacks, which was eventually entered into the contract.
The current contract between the Americal sports apparel manufacturer and AK started in 2003, but was renegotiated in 2005 to run to 2020.The original payment of Honororia amounted to $72,000 between 2005 to 2009. That amounted to $360,000 (Sh28,440,000). It was later increased to $100,000 (2011-2012 - $200,000 - Sh16m). That brings total honororia to $560,000 (Sh44,440,000).
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