Kenya’s shilling weakens slightly against the dollar, here’s why

NAIROBI (Reuters) – The Kenyan shilling weakened slightly against the dollar on Tuesday, driven by demand from the energy sector and merchant importers as trading resumed from Easter holiday, traders said. At 0945 GMT, commercial banks quoted the shilling at 101.45/65 per dollar, compared with 101.35/55 at Thursday’s close.

Reporting by John Ndiso; Editing by Hereward Holland

Related Content

How Covid-19 is driving demand for internet services

With students working from home, companies across industries forced to move online and video conferencing services being more utilized now than ever; broadband, WiFi and mobile data capacity seems to be getting tested like never before. So can internet service providers stand up to the test? Robert Nkeramugaba, Senior Network Operations Manager, BSC joins CNBC Africa for more.

Uganda moves to phased reopening amid rising of COVID-19 cases

In Uganda, according to president Yoweri Museveni, the country will go ahead with its plan to re-open the country despite recording more than 150 Covid-19 cases in three days. Moreover, European Union gives Uganda about $198 million to fund coronavirus response. CNBC Africa spoke to Qatahar Raymond Mujuni, a journalist for more.

COVID-19 lock-down: Rwanda permits taxi-moto operations & inter- provincial travel

This morning it was announced that taxi motos are now permitted to accept passengers again after over two months of being off the road due to the dangers around the spread of Covid-19. This is good news not only for many of the 45,000 taxi-motorists in the country that depend on the income, but also for the thousands of citizens that they transport daily. CNBC Africa spoke to analyst, Moses Gahigi for more.

FinScope 2020: Rwanda’s financial inclusion rises, banking uptake sluggish

The FinScope 2020 survey has revealed that access to formal financial services in Rwanda rose by 4 per cent to 93 per cent from 89 per cent in 2016, mainly driven by the rise in informal savings groups as well as the rise in mobile money services. However, the report highlighted low levels of formal banking due to affordability and other issues. Financial literacy expert Isaac Nkusi Zirimwabagabo joins CNBC Africa for more.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

Oceana CEO on H1 results & how the company is responding to COVID-19

The tide facing Oceana’s first half profits remained constant, with the fishing group recording flat headline earnings per share of 249.8 cents. The strong showing from its African operations was offset by lower fish oil sales and profit from US based Daybrooke. The closure of the Chinese market for live lobster following the Covid-19 outbreak also weighed on results. Oceana CEO, Imraan Soomra joins CNBC Africa for more.

How The Stimulus Programs Failed Americans: Joseph Stiglitz

Nobel Prize-winning economist Joseph Stiglitz says U.S. government stimulus programs have failed to help the most vulnerable workers and companies during the coronavirus pandemic. He discusses longer-term challenges facing the U.S. economy and educat

COVID-19: Adventis on why it’s time to increase Africa exposure

Despite the uncertainties of the Covid-19 pandemic, now could be the best time for global investors underweight exposure to Africa to raise their stakes on the continent, says investment management firm, Adventis. The firm argues that the prospects for investment returns in Africa remain high. Joseph Rohm, MD and Fund Manager at Adventis joins CNBC Africa for more.

SA govt. to challenge court ruling on constitutionality of lock-down regulations

Minister in the Presidency Jackson Mthembu said government will challenge a court ruling that found lock-down level 3 and 4 regulations unconstitutional.

Partner Content

Sanlam Emerging Markets and its partners on the African continent invest over $12 million to fight COVID-19

As we go through this global pandemic together, it is the little things we miss. A high five, a handshake, a walk...

VIVO CEO is a dynamic leader for this innovative global brand

May 2020 -- Six months ago the vision for vivo in South Africa was just beginning to...

Trending Now

Hackers target the newly unemployed: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Phil LeBeau details the beginning of a comeback for airline companies as more flights are added to the summer schedule. And CNBC's Josh Lipton brea

Op-Ed: COVID-19 is likely to lead to a vast increase in youth unemployment in Africa, this is how business can mitigate the damage…

Why business has a greater role to play in mitigating conflict with COVID-19

Op-Ed: Tourism sector in Mauritius devastated by COVID-19

“Travel bans and containment measures around the world are having a devastating effect on the tourism sector in Mauritius, which was already experiencing sluggish growth in 2019,” writes economist, Shani Smit.

COMMENT: Nic Wolpe on George Floyd – Why can’t we banish bigotry like we banished apartheid?

One is left stunned and bewildered that the leader, supposedly of the free world, only interest and concern is for the police to turn on its people, when what is needed and required, is leadership, compassion, understanding, empathy and solidarity at a time of multiple distress, pain and anguish.
- Advertisement -