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The Standard e-Paper
Kenya’s Boldest Voice
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.
With Kenya losing access to the Sh100 billion precautionary loan from the International Monetary Fund (IMF), experts fear this could open the floodgates to a new wave of extravagant State spending.
With the end of the $989 million (Sh99 billion) stand-by credit facility, IMF will now remain around in an advisory capacity with no real power to dictate terms on government spending or borrowing.
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