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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 touched a fresh three-year low yesterday, with traders saying dollar demand from the energy sector could further weaken the local currency.
The shilling was quoted at 94.40/50 to the dollar, after closing at 94.20/30 to the dollar on Friday. Traders said the shilling was unlikely to stabilise unless Central Bank offered support by selling dollars, as it has in the past week.
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