Kenya's shilling Stories
At 0918 GMT, the shilling traded at 129.20/50 per dollar, compared to 129.15/45 at the close of Friday's session, the data showed.
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...
