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 main entrance to East Africa Cables head office in Nairobi. Equity Bank raided the offices on Thursday over unpaid loans by the firm and its parent company TransCentury Ltd. [Edward Kiplimo, Standard]
The High Court has declined to stop Equity Bank from taking over investment firm TransCentury Ltd in a row over a Sh2.2 billion loan.
This comes as the company said in a statement yesterday it had made major steps to repay the loan owed by its sister company, East Africa Cables.
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