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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.
The Kenyan shilling edged down on Wednesday, but stayed within its recent ranges as the market assessed the outlook for liquidity, after a sudden surge sent the central bank scrambling to soak it up.
The average weighted interbank lending rate plunged by 11 percentage points over a span of three sessions to a low of 10.3 percent on April 5 after the government paid its bills and investors redeemed billions of shillings in debt.
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