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The Standard e-Paper
Kenya's Bold Newspaper
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.
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The share of loan defaults has increased to Sh539.3 billion, pointing to a cash crunch in the economy that could set up thousands of borrowers for property seizures.
The latest Central Bank of Kenya (CBK) latest data shows that 14 per cent of all loans were defaulted by the end of March this year, a sharp increase from 13.3 per cent or Sh500 billion in December 2022.
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