The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Kenya shilling has lost approximately 25 per cent of its value against the US dollar. [iStockphoto]
Since 2021, the Kenya shilling has fallen against the US Dollar (USD).
The steep decline has elicited panic and the Central Bank of Kenya (CBK) has in a sense lost influence over the exchange rate. I don't think we are in panic territory yet, and the situation appears manageable, but there is no easy path forward.
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