The yields on Eurobonds recorded a mixed performance in the week ended March 10, when performance on the 12-year Eurobond issued in 2019 recorded the most significant gain, having increased by 0.3% points to 11.3% from 11.0% recorded the previous week. The 10-year Eurobond issued in
The Kenyan Shilling took the worst hit to trade at its weakest against the US dollar Friday, perhaps the worst loss in history. At Friday's opening, the Shilling traded 126.5 units against the dollar, two days after breaking the 126 mark against the dollar. It now
The Kenyan shilling has recorded a Year-to-date depreciation of 1.8 percent against the US Dollar due to continued pressure against debt accumulation. According to data from the Central Bank of Kenya (CBK), the shilling started off the week at 125.6 units against the US Dollar. The aggressive
Kenya’s Foreign Exchange Reserves (Forex Reserves) plummeted to a 9-month low as the shilling continues to weaken against the US Dollar, according to data from the Central Bank of Kenya (CBK). The data shows the reserves stood at Ksh.869.5 billion as of February 9. This is compared
Kenya’s foreign exchange reserves (import cover) was kept at Ksh.896.9 billion at final week ending September 2022. The record cover was a 1.4 percent uptick from the prior week when the reserves were recorded at Ksh.884 billion. According to the Central Bank of Kenya (CBK), the reserves
Kenya Shilling buckled further against the US Dollar Monday, with only o.25 units shy of hitting the 118 level. Data by the Central Bank of Kenya (CBK) shows the shilling traded at 117.75, a 0.6 percent drop in 20 days when it hit 117 levels. This is
Kenya's shilling weakened against the dollar for the 12th consecutive month in June as the dampening global economic outlook accelerated its rate of depreciation. The shilling is currently at 117.0 units against the dollar, amidst outcry by manufacturers over dollar shortage in the market. This is a
The Kenya Shilling weakened to its lowest level against US dollar Monday, signaling harsh economic times an ordinary Kenya is bearing to put food on the table. According to data by Metropol Harvest, the shilling dropped to 116 level to trade at Ksh.116.0 against U.S Dollar. It
The Kenya Shilling has increased its vulnerability pace against the U.S Dollar, indicating a piled pressure on common commodity prices for Kenyans. Data from the Central Bank of Kenya (CBK) shows the shilling is now exchanging at its lowest record of Ksh.115.7 against per dollar, with
The shilling is speculated to weaken to its lowest even further because Indonesia is imposing a ban on palm oil export to balance its domestic consumption.
