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.
Treasury Cs Henry Rotich (right) and Principal Secretary Department of Planning Julius Muiya during the launch of 2019-2022 Economic Survey at KICC. [Beverlyne Musili/Standard]
The 'Eurobond' has become a cliché after Kenya issued a dollar-denominated sovereign debt for the third time in five years.
A combination of factors has led to Kenya’s heavy reliance on debt from American and European investors, but significant of all was the graduation of the country’s economy into a low middle income country (LMIC) after the country’s gross domestic product was recalibrated to include other sectors.
Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.