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.
Today, the shilling is exchanging at Sh129 against the dollar compared to Sh160 in January 2024. [Courtesy]
Is it for speculation or cushioning against inflation? This is the question around the recent fad by many investors to take up dollar-denominated money market funds (MMFs).
Kenyans are flocking around this class of MMFs, which has seen assets under management by fund managers double to Sh28.7 billion in just 12 months at the end of 2024.
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