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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.
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Kenya's biggest banks collectively incurred a record jump in bad loans last year as concerns about an economic slowdown in the country that led to higher defaults among businesses and individual borrowers mount.
The rising defaults could force banks to cut back on lending to the productive sectors of the economy.
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