Currencies
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Kenya Shilling Up 128 Units in 28 Months Against Dollar
The Kenyan Shilling is once again on a winning streak after it hit a 28-month high of 128.7 against the…
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Ugandan Shilling Strengthens on Supported Offshore FX inflows
The Ugandan shilling gained on Thursday, helped by dollar inflows from offshore investors participating in this week’s Treasury auction, traders…
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Kenya Shilling Holds Steady Against Dollar in Week to Thursday
Kenyan shilling held steady against the dollar on Thursday, data from the London Stock Exchange Group showed. On Thursday morning,…
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Shilling Holds Steady at 127 Units Against Dollar on CBK intervention
The Kenyan shilling has strengthened to its highest level in six months, reaching an exchange rate of 127.42 against the…
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Zimbabwe’s Central Bank Retains Africa’s Highest Interest Rate at 35%
Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025. The…
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Zimbabwe Devalues Currency, Raises Interest Rates to Curb Inflation
Zimbabwe’s Reserve Bank has devalued its gold-backed currency, the ZiG, by 43% and raised the benchmark interest rate to 35%…
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Kenya’s Borrowing Costs Remain High Amid Fiscal Uncertainty
Kenya’s borrowing costs remain near decade-high levels as uncertainty over the country’s funding options and fiscal strategy continues. Following deadly…
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CBK Makes Changes to Currency Banknotes
The Central Bank of Kenya (CBK) has announced changes to the Kenyan currency banknotes, in line with its mandate to…
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Kenya’s Forex Reserves Drops to Ksh.63 Billion on Debt Repayment
Kenya’s foreign exchange reserves dropped by $487 million (Ksh.63.9 billion) in the week ending July 19, 2024. This is after…
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Uganda to Boost Foreign Exchange Reserves with Domestic Gold Purchases
Uganda is set to begin purchasing domestic gold to bolster its foreign exchange reserves and minimize risks associated with reserve…
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