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The Standard Group Plc is a multi-media organization with investments in media
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multi-media house in Kenya with a key influence in matters of national and
international interest.
President William Ruto's cash-strapped administration plans to raid cash-rich parastatals for additional billions from levies and fees to fund his second full-year budget, which is set to cross the Sh4 trillion mark for the first time.
The radical move could lead to a fresh round of job losses, according to parastatal bosses and union leaders who spoke to The Standard on condition of anonymity yesterday.
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