Currencies
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Dollar Value Down 4.2% Against Kenya Shilling
Kenya Shilling is on a winning streak and gained 4.2% in value against the dollar as of Tuesday. It has…
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Reasons Why Kenya Shilling is on Winning Streak Against Dollar
The Kenyan currency has been gaining against the US dollar for five days in a row as of Friday, February…
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Saudi Now Biggest Remittance Source to Kenya at 66% Outpacing U.S
Saudi Arabia has taken lead as the biggest contributor of remittances to Kenya, accounting for 66 percent of the rise…
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Nigeria Opens Up Forex Market to Tackle Naira Crisis
The naira has been under pressure from low oil prices, dwindling foreign reserves, and a huge backlog of dollar demand…
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Kenya’s Shilling Sinks to New Lows Despite $900 Million Funding Boost
Kenya’s currency has been one of the worst-performing currencies in Africa this year, despite receiving nearly $900 million in new…
Read More » Kenyan Shilling to Face Prolonged Decline in 2024 – Experts Warn
The Kenyan Shilling is currently on a steady decline against major currencies, and industry experts predict this downward trajectory will…
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Kenya Allocates Over Half of Tax Revenues to Debt Servicing
Kenya faced a substantial fiscal challenge in the first half of the 2023/24 financial year as over half of the…
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Nigeria Grappling With Forex Shortage to Clear Backlog – Fitch
Fitch announced Thursday that the Central Bank of Nigeria (CBN) is still grappling with a foreign exchange shortage needed to…
Read More » Kenyan Currency Value Bleeds on Against Peers as MSCI Denies Local Companies Entry
The Kenyan Shilling (Ksh) is experiencing significant fluctuations in its exchange rate against other East African Community (EAC) currencies. As…
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The Kenyan Shilling: A Tale of Depreciation Amidst Rising Living Costs
The Kenyan Shilling has been on a downward trajectory against the US Dollar, depreciating by 0.5% to start the week…
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