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 shilling has been stable for the better part of this year, exchanging at Sh100 against the US dollar. [File, Standard]
The shilling may be overvalued by up to 17.5 per cent, according to a global lender.
The International Monetary Fund (IMF) in its much-awaited report following a review on Kenya’s economic health released yesterday, said the shilling risked being classified as “managed” rather than operating on the forces of demand and supply.
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