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.
Kenyan banks are hoping endorsement by international rating agencies will differentiate them from the negative opinion taken of the country’s banking sector.
Lenders are facing challenges in profitability and growth, with global debt ratings agency Moody’s noting that the seasonal drought has affected agriculture and power generation, elections have delayed investments and lending rate caps have constrained banks’ flexibility to price risks.
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