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The Standard Group Plc is a
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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.
Uganda's central bank has raised its benchmark lending rate to 16 per cent from 14.5 per cent, saying the weakening of its currency against the dollar had heightened inflationary risks.
Policymakers in the east African nation started tightening monetary policy in April after the shilling weakened sharply against the dollar - although prospects for economic growth remain strong.
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