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.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

NEWS & CURRENT AFFAIRS

Digital News

Kenya Shilling weakens ahead of Central Bank policy meet

By Jackson Okoth and Reuters | Jun. 9, 2015

Eyes will be on Monetary Policy Committee (MPC) meeting to be held today at the Central Bank of Kenya (CBK) with the market expecting an interest rate hike to support the shilling. The local currency was trading at Sh96.45/65 to the dollar yesterday, compared with 96.00/20 at Friday’s close.

John Njenga, a trader at Commercial Bank of Africa, said the shilling lost ground due to a major telecom firm buying dollars earlier in the day for importing equipment.

Get Full Access for Ksh299/Week

Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.