Kenyan Shilling&

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Analysis: Kenyan shilling marks first year-on-year gain in four years in 2024

As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.

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The Office of the Auditor-General said variances between prices that were budgeted and actual prices in the market were so high that some commodities couldn't be purchased.

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The Kenyan shilling this week slipped to more than 150 to the dollar, a decline of almost 24 per cent over a year, and compared to around 100 in October 2018.

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The shilling has been in decline for several years and plunged by almost 24 percent over the past year, under pressure from high debt levels and depleted government revenues.

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