Kenyan Shilling Appreciation Cuts Debt-to-GDP Ratio by 5.2%
The country’s debt-to-GDP ratio has dropped 5.2 per cent over the last two years on account of the strengthening of the Kenyan shilling against the dollar. According to the National…
Kenyan Shilling Strengthens Against US Dollar After Remaining Unchanged for Months
The Kenyan shilling strengthened against the US dollar on Friday, marking its first significant gain since November last year. Experts at Reuters attributed the shilling’s recovery to increased foreign currency…
CBK Governor Reveals Secrets Behind the Stability of the Kenyan Shilling
The Central Bank has revealed that it is not employing any aggressive mechanism to hold the Kenyan Shilling steady. According to the CBK Governor, the apex bank has largely allowed…
Kenyan Shilling Strengthens Against Dollar as Remittances Match Importer Demand
The Kenya shilling on Tuesday, November 26, gained against the US dollar, even as dollar inflows from remittances matched the rising importer demand. The shilling traded at 129.00/130.00 at 11:03…