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.
Businesses have recently complained of difficulty in accessing the dollar in quantities they want. [iStockphoto]
Kenya has welcomed a renewed push by African ministers of Finance backed by the UN Economic Commission for Africa (UNECA) for a regional Africa-wide cross-border payment system.
The new system is tipped to cut the time it takes to conclude cross-border payments from up to 14 days to 120 seconds and facilitate payments for proceeds made from the African Continental Free Trade Area (AfCFTA).
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