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.
Mumias Sugar Company receiver manager, Ponangipalli Venkata Ramana Rao during a press conference at the company's boardroom on March 4, 2020. [Nathan Ochunge, Standard]
One of the parties challenging Mumias Sugar Company lease to Uganda-based Sarrai Group and the appointment of Ramana Rao as the miller's receiver manager has thrown in the towel.
Vartox Resources Inc, based in Dubai, filed a notice in the Court of Appeal indicating that it was dropping its application opposing the appeal filed by Sarrai, Kenya Commercial Bank, and Rao.
Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access