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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.
Kenya is borrowing billions of dollars to pay off old debts in a high-stakes financial strategy that economists warn may only postpone a deeper fiscal crisis while increasing the nation's overall debt burden.
The National Treasury on Friday announced a successful $1.5 billion (Sh193.5 billion) Eurobond issue, celebrating it as a demonstration of "managing debt more wisely."
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