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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The deceleration of growth of private consumption in 2023, mainly due to the imposition of higher interest rates aimed at curbing inflation will lead to a slowdown in the country's economic activity this year, a new report says.
But according to Africa's Pulse, a World Bank Group publication that analyses issues shaping Africa's economic future, the trend should be reversed by 2024.
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