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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 steady weakening of Kenya's shilling continued on Wednesday, propelled rise of dollar demand from the energy sector.
The shilling has lost 4.8 percent of its value against the dollar this year, weighed down by a gaping current account deficit and a firmer greenback. A spate of militant attacks have hobbled Kenya's key tourism industry, a major source of foreign exchange, while uneven rains have hurt the horticulture sector.
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