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 Headquarters of Central Bank of Kenya, located in Nairobi. [File, Standard]
Foreign currency deposits surged to an all-time high of Sh625 billion in October as money poured into the country ahead of the festive season.
According to a Central Bank of Kenya report, the increase was also due to the fact that traders reduced their import orders, a situation that saw the shilling strengthen to a six-month high of 100.71 against the dollar by close of business on Friday.
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