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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.
State-owned Ethiopian Airlines is unable to repatriate about $220 million held in local currency in Nigeria, Egypt and some other African states because of foreign exchange shortages in those nations, the company's chief executive said on Tuesday.
Tewolde Gebremariam told Reuters that this was partly because countries such as Nigeria had been hit by recent falls in oil prices, which was reducing foreign exchange inflows.
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