×
The Standard e-Paper
Fearless, Trusted News
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.
The high cost of borrowing following successive hikes of the Central Bank Rate (CBR) has seen the interest rates on emergency loans that the National Treasury takes from the Central Bank of Kenya (CBK) nearly double.
Interest rates on the government's overdraft facility, through which Treasury borrows directly from CBK to meet pressing financial needs, including debt repayment, increased by 87 per cent over the financial year to June 2024, according to a new report by the Controller of Budget (COB).
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join