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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.
Accountants have warned that Kenya was teetering on the brink of a full-blown financial crisis, with the risk of defaulting on its huge debt obligations now a possibility.
The Institute of Certified Public Accountants of Kenya (ICPAK) said the rate at which the country’s public debt is maturing is not commensurate with revenue growth, raising fears of a possible default.
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