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 currency has already weakened 1.5 percent against the dollar so far this year, mainly due to seasonal demand from importers and a firmer greenback globally.PHOTO: COURTESY
Central Bank of Kenya is committed to a flexible exchange rate regime and will not deviate from that policy despite the recent weakening of the shilling, according to Governor Patrick Njoroge.
Speaking to Reuters on the sidelines of the World Economic Forum in Davos on Thursday, Njoroge said he was not worried about the exchange rate of the Kenyan shilling.
Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access