Markets
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Kenya shilling buckles for 12th time to 117 units against U.S Dollar
Kenya’s shilling weakened against the dollar for the 12th consecutive month in June as the dampening global economic outlook accelerated…
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Over 200 countries recognize M-Pesa services with its new visa card
M-Pesa services will now be available across the world, proving the platform’s formidable stand as one of Africa’s largest mobile…
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High Dollar demand weakens Kenya shilling to 0.1 units shy to attain 117 record level
The Kenya Shilling weakened further against the U.S Dollar Monday, indicating a piled pressure on commodity prices Kenyans are struggling…
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Biden to reverse Trump’s sanctions against China in bid to ease inflation
U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the…
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Safaricom, Visa launch “M-Pesa GlobalPay Visa Virtual” card
Safaricom and Visa, the global leader in digital payments, Thursday introduced the first M-PESA GlobalPay Visa Virtual card to open…
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Russia, Saudi agree to further boost oil output amid soaring prices
Major oil producers, led by Saudi Arabia and Russia, on Thursday decided to open their taps wider than expected amid…
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Asian markets mixed as inflation fears weigh
Asian stocks were mixed on Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will…
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CBK raises benchmark lending rate to 7.5% over risks to inflation outlook
The Central Bank of Kenya (CBK) raised the benchmark lending to 7.5 percent for the first time since July 2015.…
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Kenya’s market could lose confidence in forex effectiveness as shilling nears 117 mark
The Kenyan Shilling has continued to weaken against US Dollar, with manufacturers raising concerns over the high cost of obtaining…
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Kenya seeks Ksh.75 billion infrastructure bond in June 2022
Kenya now seeks Ksh.75 billion infrastructure bond that has been set for June this year. The June bond has a…
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