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The Standard e-Paper
Kenya’s Boldest Voice
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 shilling on Friday touched a low of 97.35 against the dollar, a sign the local currency could be headed for the worst drop in three-and-a-half years.
Analysts say the local unit could come under more pressure in coming days as importers buy more of the US currency in anticipation of end-month demand. Some analysts see the shilling likely crossing 100 mark against the dollar.
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