Kenyan shilling weakens due to increased FX demand from …
4 days ago · The Kenyan shilling weakened slightly on Thursday, with traders attributing the depreciation to rising demand for the dollar from manufacturers and oil retailing companies. ... Reuters, the news ...
Kenya’s shilling is regaining value, but don’t expect it to last
Apr 16, 2024 · Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political...
Kenyan shilling soars after $1.5bn bond issue eases default fears
Feb 15, 2024 · Kenya’s shilling has posted its biggest one-day gain in more than 15 years, after the eastern African nation averted a feared default this year by selling new debt to ease a looming $2bn bond...
Kenyan shilling surges as it records highest gain in 12 years
Feb 15, 2024 · The Kenyan currency continues to thread in a positive direction as it records another gain against the US dollar. The Kenyan Shilling which has been slowly recovering since the year began...
Kenyan Shilling Goes From Laggard to Leader in One Quarter
Mar 14, 2024 · Kenya’s shilling has staged a comeback that’s vaulted it from one of the worst to the best in the world in less than three months. As recently as January 26, the shilling was the third...
Kenya Shilling Soars as Locals Ditch Dollars After Eurobond Sale
Feb 15, 2024 · Kenya’s shilling rallied the most in almost 16 years as locals offloaded dollars after the nation’s successful Eurobond sale fueled speculation a shortage of the US currency is over.
Kenyan shilling gives up some gains after central bank buys …
Feb 15, 2024 · Kenya's shilling gave up some of its gains in afternoon trading on Thursday, after traders said the central bank bought dollars to curb volatility as the currency surged to its strongest...
Kenyan shilling posts strongest single-day gain in 12 years
Feb 15, 2024 · The Kenya shilling posted its strongest intra-day gain against the US dollar in the last 12 years on Wednesday, reaping from a tide of investor confidence after the government received...
Kenyan shilling unchanged; some central bank dollar sales match ...
5 days ago · The Kenyan shilling was unchanged on Wednesday, with some dollar sales by the central bank helping to match importer demand, one trader said.
Kenya Shilling Finds Relief in Longest Winning Streak Since 2021
Jan 31, 2024 · Kenya’s embattled currency is on course for its longest streak of gains since May 2021. The shilling strengthened against the dollar on Wednesday for a fourth straight session, paring its...