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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.
Imagine a businessman from Kenya sells rose flowers in the US and is paid in dollars. Good for him. With the dollars, he gets to buy items overseas which he can’t find back at home.
He also has some generous relatives who once in a while send him a few dollars, helping him replenish his reserves of this critical foreign currency. Then one day, he thinks of expanding his business. So he approaches a US bank for a loan in dollars.
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