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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.
Banks have started steeply increasing the cost of loans, with projections that interest rates could reach unprecedented levels of nearly 30 per cent, a record rate last witnessed two decades ago.
This is expected to leave borrowers with a massive debt servicing burden when the high cost of living is already squeezing Kenyans hard.
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