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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.
There have been recent articles comparing Kenya's economy to that of Ghana which was placed in default in December 2022.
What is a default for a country? A sovereign default occurs when a country fails to pay back its loan. The International Monetary Fund (IMF) defines default as a breach of contract or broken promise. Sri Lanka is the latest addition to the list of defaulters.
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