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Originally published by Capital Business
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business
March 27, 2026
1mo ago

CA gets nod to revoke Standard Group licences over Sh48.9mn arrears

CA gets nod to revoke Standard Group licences over Sh48.9mn arrears

In its ruling, the tribunal dismissed an appeal by the media house, finding that the planned revocation was lawful and in line with the Kenya Information and Communications Act. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Communications and Multimedia Appeals Tribunal has ruled in favour of the Communications Authority of Kenya (CA), allowing the revocation of six broadcasting licences held by Standard Media Group PLC due to outstanding fees. The tribunal dismissed the media house's appeal, affirming the CA's planned action.

  • Sh48.87 million in unpaid licence fees and Universal Service Fund levies are owed.
  • The affected licences include Vybez Radio, Berur FM, Radio Maisha, Spice FM, KTN Burudani, and KTN News.
  • The tribunal stated that regulatory obligations are clear and non-negotiable, with Standard Media Group having received multiple notices and extensions.

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Kenya Re has maintained a Sh839.94 million dividend payout (Sh0.15 per share) despite an 11.6% drop in net profit for the second consecutive year, with profits falling to Sh3.92 billion in the financial year ended December 2025. Meanwhile, Kenyan electric mobility and renewable energy firm Agilitee is set to complete a reverse merger with a U.S.-listed company on April 13, 2026, to expand its global presence. Separately, KOKO Networks is holding its first creditors' meeting on April 10, 2026, following its exit from the Kenyan market earlier this year. Additionally, the Communications and Multimedia Appeals Tribunal ruled in favour of the Communications Authority of Kenya, allowing the revocation of six broadcasting licences held by Standard Media Group PLC due to Sh48.9 million in outstanding fees.

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