kenya shilling dollar rate Stories
Mbadi said the steadiness of the shilling reflects prudent macroeconomic management and growing investor confidence in Kenya’s economic trajectory.
The IMF has expressed concern over the shilling’s narrow trading range, which has remained between Sh129.22 and Sh129.24 since the start of the year,...
Foreign exchange reserves were reported at $10,749 million (Sh1.39 trillion), equivalent to 4.7 months of import cover.
The gain was attributed to the successful settlement of the inaugural $2 billion (Sh259 billion) Eurobond buyback plan
The latest weekly bulletin by the CBK shows the reserves stood at $9,323 million (Sh1.2 trillion at the current exchange rate), an equivalent of (4.8...
The shilling had weakened to a low of 161 in January this year, on the back of an increased debt burden and diminishing foreign investor confidence.
The latest blows come from some powerful Americans questioning the rule of law following the conviction of Donald Trump.
Debt servicing expenses for the FY 2023/24 will amount to Sh1.8 trillion, or 90 per cent of the overall consolidated fund expenditures.
Super petrol's price dropped by Sh7.21, diesel by Sh5.09, and kerosene by Sh4.49, EPRA announced in its latest monthly review.
