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The Standard e-Paper
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The Standard Group Plc is a
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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 weakened on Wednesday due to rising dollar demand by energy companies, manufacturers and banks covering their short-dollar positions while inflows were scant.
At 0811 GMT, commercial banks quoted the shilling at 88.05/88.15 to the dollar, recovering from an intra-day low of 88.10/88.20. The shilling had closed at 87.95/88.05 on Tuesday.
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