kenya shilling appreciates Stories

An analysis of data from the Central Bank of Kenya (CBK) shows the Kenyan shilling closed the first quarter of 2025 with a 14 per cent year-on-year ga...

At 0744 GMT, commercial banks quoted the shilling at 129.00/40 per dollar, the same as Monday's closing rate.

Debt servicing expenses for the FY 2023/24 will amount to Sh1.8 trillion, or 90 per cent of the overall consolidated fund expenditures.

Kenya used the $1.5 billion it raised on February 12, 2024, in the Eurobond buyback issue to make the payment, thereby eliminating the risk of debt de...