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.
As of June 2, Treasury could only borrow Sh1.08 billion from its overdraft facility at the Central Bank of Kenya. [Samson Wire, Standard]
The National Treasury used up 90 per cent of its overdraft facility at the Central Bank of Kenya (CBK) on the back of a biting cash crunch earlier this year that saw salaries for public sector workers delayed for the first time.
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