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The Standard e-Paper
Truth Without Fear
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.
Audio By Vocalize
For people who had kept their money in foreign currency, under mattresses or in dollar designated accounts, this week has been the local equivalent of the infamous Black Monday.
On Monday, October 18, 1987, the global stock market crashed, suddenly, and without warning. It is estimated that the loss to the global economy was roughly 2 trillion US dollars, leading to fears of a return to the depression.
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