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.
Consumer spending set to increase as shilling rebounds. Last month the currency gained 4.4pc against the dollar. [Elvis Ogina, Standard]
The shilling is predicted to undergo market correction giving consumers more spending power.
An analysis by Stears attributes the correction to tightening fiscal measures by the Central Bank of Kenya (CBK) and liquidity from the International Monetary Fund injected into the National Treasury as loans.
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