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The Standard Group PLC 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.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

Shilling weakens to record low

Brace yourself for an exchange rate of 100 shillings to the dollar with all indications being that the Kenyan currency will slide past the record mark. The unit jumped past the 99 shilling point in trading today as concerns continue to be raised about the state of the global economy. Prices of most imported goods including petroleum and key foodstuffs are expected to head north steeply as importers hedge against the unfavorable exchange rate.
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