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.
Sidian Bank was yesterday forced to retract a schedule of new loan charges. [File, Standard]
It did not take long for banks to start raising the cost of loans.
Barely 24 hours after President Uhuru Kenyatta signed the Finance Bill into law on Thursday, local lenders began adjusting their interest rates upwards, signalling the dearth of cheap credit.
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