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    • Kenyan Shilling (KES)

Kenyan Shilling (KES) Newsletter
  • Kenya to Trade with African Countries Using Local Currency as Shilling Continues... 30 Sep 2023 06:51 GMT

    … Kenya quoted the shilling at 148 against the dollar, with the local currency … using the local currency, avoiding overreliance on … . Why Kenyan shilling is depreciating The Kenyan shilling's … . However, the Kenyan shilling faces significant challenges …

  • Weak shilling drives Unga to Sh959m loss 30 Sep 2023 05:12 GMT

    Depreciation of the Kenyan shilling and constrained access … the depreciation of the Kenya shilling and inability to … US dollars causing significant forex losses and interest expenses … foreign currency to persist alongside the depreciation of the Kenya shilling, …

  • Kenyan shilling inches lower on elevated FX demand across sectors 27 Sep 2023 12:47 GMT

    NAIROBI: Kenya’s shilling inched lower against the dollar … GMT, commercial banks quoted the shilling at 147.80/148 … . Kenyan shilling stable; to weaken due to increased importer demand The local currency …

  • Treasury chief: Kenya’s central bank made forex blunders 28 Sep 2023 22:35 GMT

    NAIROBI: The Kenyan shilling’s sharp slide against the … , Africa’s sixth worst-performing currency this year, is not in … dollar demand in the spot forex market, the minister said. That … pressure on the shilling could continue into 2024 when Kenya is expected …

  • Kenya’s central bank data reveals staggering figures for savings in current accounts 28 Sep 2023 14:37 GMT

    … from the Central Bank of Kenya (CBK), there was Sh1.7 … to Sh415.3 billion. Foreign currency deposits in banks increased by … been mostly due to the shilling's depreciation, which has …

  • Kenya banks earn margins of up to 10pc in forex transactions 28 Sep 2023 09:45 GMT

    … .5 percent on foreign currency transactions, benefitting from increased … other transactions. Absa booked forex trading income of Ksh3. … cent increase. StanChart’s forex income almost doubled from … to the greenback. Read: Kenya shilling to weaken further The …

  • Njuguna Ndung'u Angers MPs With "Shilling Would've Been Worse" Remark: "Tell Us... 27 Sep 2023 20:09 GMT

    … his remarks, suggesting the Kenya shilling was doing just fine. … dollar reserves and falling shilling. Kenya Shilling depreciation Led by Suna … Bank of Kenya (CBK) showed that the Kenya shilling traded at … depend on the US currency to meet their supply …

  • Kenya Banks on 5 Countries to End Dollar Crisis 27 Sep 2023 17:27 GMT

    … de-dollarize their economies, Kenya's economy will … a significant trading partner for Kenya, with imports from China … De-dollarization Will Help Kenya The predominant currency for trade with … the exchange rate of the Kenyan shilling against the dollar. A …

  • Kenya’s Central Bank Made Forex Blunders, Treasury Chief Says 27 Sep 2023 16:00 GMT

    The Kenyan shilling’s sharp slide against the …

  • Kenya pays $238m to gulf companies under G-to-G arrangement 27 Sep 2023 15:11 GMT

    … maturity, “without distorting the forex market”. "A Treasury … 1 Billion while the Kenya Shillings escrow account holds … depreciation of the shilling with the local currency trading at … oil marketing companies. Read: Kenya shilling to weaken further “The …

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