The Standard Group Plc is a multi-media organization with investments in media
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international interest.
Equity Group chief executive James Mwangi (right). [Wilberforce Okwiri, Standard]
Cash-strained importers have began defaulting on their loan obligations due to the ongoing Russia-Ukraine war.
Equity Group chief executive James Mwangi said that increased prices of wheat, a bulk of which comes from the two warring countries, had made some traders struggle to service their loans.
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