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 weakened yesterday as oil companies bought dollars, taking advantage of a strengthening in the local currency on Tuesday after the Central Bank sold dollars. Shares finished lower.
At the close of trade, commercial banks quoted the shilling at 101.90/102.00 to the dollar, down from Tuesday's close of 101.45/65.
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