×
The Standard e-Paper
Smart Minds Choose Us
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 Kenyan shilling gained ground on Friday to near a two-month high, helped by dollar inflows from offshore investors interested in buying government securities and tight liquidity, while stocks closed higher.
At 1330 GMT, commercial banks quoted the shilling at 102.40/102.50 to the dollar, compared with Thursday’s close of 103.00/10. The shilling last traded at its closing levels in mid-August. “It’s just foreign (dollar) flows mostly. They are coming in to take advantage of the higher yields (on Treasury bills),” a trader at one commercial bank said.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join