Markets
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Shilling Regains Strength Against Dollar to 131 Units
The Kenyan shilling has shown signs of resilience and strength against the US Dollar, marking a fluctuating yet notable trend…
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Delayed US Rate Cut to Hurt Borrowing in Kenya
The decision by the U.S. Federal Reserve to postpone the anticipated reductions in interest rates to later in the year,…
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Zimbabwe Begins Trading in Gold Backed Currency
The Zimbabwe Stock Exchange (ZSE) has begun trading in the country’s new gold-backed currency. This follows the demonetisation of the…
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CBK Seeks Ksh.40 Billion in Domestic Market for Budgetary Support
The Central Bank of Kenya (CBK) has put on auction a Ksh.40 billion bond in the domestic market. It is…
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Majority of Full-time Employed Kenyans Have Side Hustles, Reveals New Report
Financial stability remains a pressing concern for many Kenyans, as revealed by data from Tala. Data from Tala sheds light…
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Kenya Shilling Up 2.1% Against Dollar to Open Week At 134
The Shilling continued its winning streak against the US Dollar at the start of the week Monday, signalling positive gains…
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Kenya Shilling Hits 137 Units Aginst Dollar, Level Last Seen in June
The Shilling has continued its gain against the US Dollar, reaching levels last seen in June 2023. Figures from the…
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JP Morgan Among Managers to Assist Nigeria in its Upcoming Eurobond
Nigeria has hired investment banks including Citibank NA, JPMorgan Chase & Co. and Goldman Sachs Group Inc. to advise it…
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Shilling Strength Sees Kenya’s Billionaire Investment Up Ksh.209 Billion
Merali family has witnessed an uptick in its investments in under four days, thanks to the gains in the shilling.…
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Superior Homes to Build Ksh.14 Billion Property in Lukenya
Superior Homes has unveiled a Ksh.14 billion gated community in Lukenya, Machakos County. Spread across an expansive 172-acre, the development…
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