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 last week as dollar demand increased, sinking to a level not seen since November 2011, while expectations of dollars sales by the Central Bank of Kenya failed to materialise.
At the close of trade on Friday, commercial banks posted the shilling at Sh99.70/80 to the dollar, closer to the psychological 100-mark. The currency had closed at 99.50/60 on Thursday.
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