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The Standard Group Plc is a
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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.
Hikes in interest rates in the US may make debt repayment for Kenya more expensive and reduce the country’s foreign exchange cover.
This is on the back of the expected strengthening of the dollar going into the New Year after the Federal Reserve’s Open Market Committee (FOMC) met last week and raised the lending rates in the US by 0.25 per cent to 0.75 per cent.
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