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 Central Bank of Kenya (CBK) says Tuesday's unexpected increase in the key lending rate will help prevent dollar hoarding as the shilling edges towards the 155 mark against the greenback.
The banking regulator raised its benchmark lending rate by a significant 200 basis points to 12.50 per cent from the previous 10.50 per cent.
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