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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.
More than half of Kenya's banks face potential acquisition or forced mergers as the National Treasury revisits plans to amend the Banking Act.
The proposed changes, outlined in the recently published Business Laws (Amendment) Act, aim to raise the minimum core capital requirement from Sh1 billion to Sh10 billion by 2027. They would affect tier two and tier three banks.
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