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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 slipped to a nine-month low to exchange at 102.50 units against the US dollar yesterday. This despite move to tap foreign inflows through a surprise infrastructure bond.
Central Bank of Kenya (CBK) this week sold a 20-year Sh50 billion tax-free bond, which is popular with foreign investors, in hope that the inflows would stem the shilling’s fall.
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