Tag: Kenyan shilling

What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?

About Ksh7.3 billion shillings worth USD$71.5 million were not returned during the demonetization of the 1,000 shilling old notes, according to an official from the Central Bank of Kenya (CBK). Patrick Njoroge, Governor of the Central Bank of Kenya, told journalists in Nairobi that the four-month phase-out of 1,000 shilling notes proceeded well and achieved its overall objective of removing money obtained from illegal activity from the economy. From Nairobi, Journalist, Joseph Bonyo joins CNBC Africa for more.

Kenya’s finance ministry cuts 2019/20 financial year spending plans by 2.1%, what you need to know

The former finance minister Henry Rotich was criticised for raising spending in June and imposing additional tax measures on already squeezed taxpayers.

Kenya seeks 150 billion shilling syndicated loan, what you need to know about

Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion).

The Kenyan shilling is under pressure, here’s why

Here's why the Kenyan shilling is under pressure...

Kenya’s shilling dropped to its lowest level in nearly two years, here’s why

Kenya’s shilling dropped to its lowest level in almost two years, traders said.

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

The Kenyan shilling weakened slightly against the dollar on Tuesday.

Here’s why the Kenyan and Ugandan shilling could drop against dollar in coming week

NAIROBI, June 14 (Reuters) - The Kenyan shilling and Ugandan shilling could come under pressure against the dollar, while the currencies of Tanzania and Ghana are forecast to remain stable. KENYA The Kenyan shilling...

Kenyan shilling strengthens to highest level since March 2017

The Kenyan shilling rose to its highest level against the dollar in more than five months on Friday after hard currency inflows caused banks to reduce their dollar holdings, traders said. The shilling...