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The Standard Group Plc is a
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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.
Influential Kenyan energy and infrastructure group Gulf Energy has agreed to acquire Tullow Oil's entire Kenyan holdings for a minimum of $120 million (Sh15.4 billion).
The landmark move positions the local firm—which has risen to prominence in recent years following lucrative State-backed business deals—as the key player in the long-stalled Turkana oil project and its potential future riches.
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