Currencies
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US Dollar Loses 11% in Value Against Shilling Under a Month
The US Dollar recently experienced a shift in trajectory, challenging its dominance over the Kenyan Shilling. For months, there was…
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National Treasury Advice to Traders as Kenya Shilling Rallies
National Treasury Principal Secretary Chris Kiptoo has urged traders to “resume business as usual” as US Dollar lose grip against…
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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…
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