×
The Standard e-Paper
Informed Minds Prefer The Standard
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.
Audio By Vocalize
President William Ruto's administration is now facing a fresh headache in the form of higher borrowing costs after a third global rating agency downgraded Kenya's credit rating in as many months, further limiting the country's options for financing its growing debt obligations.
The latest downgrade by S&P, which cited concerns over the government's fiscal consolidation efforts and mounting debt levels, comes at a precarious time for the administration. Ruto is grappling with the fallout from protests over his economic policies, which have eroded public trust and undermined his agenda.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join