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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a multi-media organization with investments in media
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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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Banks have started steeply increasing the cost of loans, with projections that interest rates could cross unprecedented levels of above 30 per cent, a record rate last witnessed two decades ago.
This is expected to leave borrowers with a massive debt servicing burden when the high cost of living is already squeezing Kenyans hard.
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