Currencies
-
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…
Read More » -
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…
Read More » -
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%…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Kenya Shilling Weakens Against Dollar as President Ruto Rescinds Finance Bill, 2024
The Kenya Shilling faced a slight devaluation against the US Dollar following President William Ruto’s decision to retract the controversial…
Read More » -
Shilling Drops Below 130 Mark Against Dollar Since April
The Kenya Shilling retailed at 129.6 units against the greenback Tuesday – according to official figures from the Central Bank…
Read More » -
Why Kenya Shilling Can’t Hold Grip Against Dollar for Long
Kenya has witnessed a significant shift in its currency dynamics, with the Kenyan Shilling depreciating against the US Dollar –…
Read More »
