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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.
Hundreds of thousands of Kenyan households that depend on the money sent home from relatives abroad are facing a deepening financial crisis after diaspora remittances fell for a second consecutive month in May.
The dip is attributed to job losses in the Gulf and rising living costs for migrants caught in the ongoing Middle East conflict in countries including the United States.
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