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Truth Without Fear
The Standard Group Plc is a
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The World Bank has cut Kenya's economic growth forecast to 4.3 percent in 2012 from an earlier 5 percent due to the effects of high lending rates, before recovering to 5 percent in 2013.
Growth slowed sharply in the first half to 3.5 percent, as key sectors like construction sagged under the weight of high commercial lending rates that topped 25 percent after policymakers raised The Central Bank of Kenya's rate to 18 percent to fight inflation.
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