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.
Newly sworn-in President William Ruto receives the Presidential Ceremonial Sword from outgoing president Uhuru Kenyatta at the inauguration ceremony at Kasarani Stadium. [Denish Ochieng, Standard]
Sometimes in January 1930s, US President Herbert Hoover found himself in an unfamiliar position: He was about to lose his job. He found himself in the middle of desperate times - the Great Depression. The New York Stock Exchange bubble had burst violently on October 24, 1929, a day that came to be known as Black Thursday when the stock market suddenly fell 90 per cent from its 1929 peak. This crash wiped out nominal wealth, sending the US economy into a tailspin. Ripples from the crash spread across the Atlantic Ocean to Europe, triggering wider financial crises. In 1931, the economic calamity hit all continents in full force.
Between 2019 and 2022, this similar combined political, economic and ecological atmosphere took place in Kenya amidst political campaigns. Ultimately, it seems destined that the winner had to be the person who directly addressed the pressing concerns and consequences of these conditions. William Ruto did it as Roosevelt did for Americans in 1930s. The two men's deeds and actions had a lot of similarities.
Premium Article
Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.