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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.
Inability of Kenyans to service loans in the first quarter due to effects of Covid-19 forces lenders to make huge provisionings, eating into their profits.
Rendered jobless by Covid-19, millions of Kenyans failed or struggled to service their loans in the first three months of this year, forcing banks to put aside billions as insurance against possible defaults.
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