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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.
The Central Bank of Kenya (CBK) has come up with a new policy directing all banks in the country to use a common base lending rate, Kenya Banks' Reference Rate (KBRR), and disclose their base rates for the general public to know what they should expect when they want to apply for a loan.
The run-up to its implementation saw frenzied speculation on its impact, especially on loans for the borrowers.
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