Kenyan shilling,Shilling-Dollar exchange rate Stories
Inflation has now risen for six straight months, hitting 4.1 per cent in April, up from 2.7 per cent in October 2024, even as the Kenyan Shilling bega...
In addition to the general ban on foreign currency transactions, the regulations also place restrictions on contracts that were signed in foreign curr...
The local currency appreciated by 20 per cent against the global benchmark, the US Dollar, over the year, marking the highest gain across the region.
In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation c...
Desta said a single African currency would help boost trade, increase economic cooperation among African Union (AU) members and stimulate faster devel...
The US remained the largest source of remittances to Kenya, accounting for 53 per cent in the month under review.
At 0744 GMT, commercial banks quoted the shilling at 129.00/40 per dollar, the same as Monday's closing rate.
With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...
At 0831 GMT, the shilling was quoted at 129.00/129.20 per dollar, the same level it closed on Friday.
The gain was attributed to the successful settlement of the inaugural $2 billion (Sh259 billion) Eurobond buyback plan
All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.
The new framework will dictate revenue sharing among the counties for five years, from 2025-26 to 2029-30.
As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.
The year 2024 experienced a series of interest rate hikes on loans, a crucial go-to remedy by households in times of constrained disposable incomes su...
The group criticised the government's fiscal austerity measures, which they claimed were ineffective in addressing widespread corruption.
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 macroeconomic indicators generally showed mixed performance in the period under review.
The Kenyan shilling gaining streak against the greenback began sometime in February this year, after a period of tumbling since early 2020. It hit a r...
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.
A sustained gaining streak of the shilling against the dollar is good news for the consumers in the country, as it translates to relief from costly pr...
As of July 10, 2024, the exchange rates against the Kenyan shilling stood at 128.75 USD, 139.25 EUR, 164.76 GBP, and 0.80 JPY.
The Kenya shilling also depreciated against the South African Rand and the Tanzanian and Ugandan shillings.
The record is also an 11-month high rise, as such a record was last witnessed on July 20, 2023, signalling better prospects for the local currency, he...
According to WorldRemit research, Kenya is one of the top recipients of remittances on the continent, with the primary uses being household needs, hea...
Kenya's apex bank, the Central Bank of Kenya (CBK), quoted the shilling at Sh128.65 on Friday last week, a level that was last witnessed in March 2023...
According to Finance Minister Mwigulu Nchemba, the move aims to curb the widespread use of dollars within the country to address the economy's critica...
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.
The CS said those who are openly advocating for ethnic interests are betraying public trust and violating the Constitution.
"We should learn from each other, trade with each other, add value to each other, and avoid unnecessary, retrogressive hatred that only leads to lose-...
