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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.
Borrowers have hit banks with an additional Sh87.6 billion in loan defaults in the first six months of the year, pointing to a cash crunch that could set up thousands of debtors for property seizures.
The latest data from the Central Bank of Kenya (CBK) shows the stock of credit for which principal or interest has not been paid for at least 90 days rose for the sixth straight month to Sh514.4 billion at the end of June.
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