Kenyan Shilling (KES) News Monitoring

Kenyan Shilling Remains Steady Against US Dollar After Rate Cut

The Kenyan Shilling remained steady against the United States Dollar on Friday, days after the Central Bank cut its base lending rate by 75 basis points to 12.00 per cent. As of Friday, October 11, the London Stock Exchange Group (LSEG) quoted the Kenyan …

Kenyan shilling will stay steady vs dollar, traders say

NAIROBI: Kenya’s shilling was steady against the dollar on Friday, and is expected to remain so for the next week, one commercial bank trader said. The shilling traded at 128.50/129.50 against the dollar at 0744 GMT, LSEG data showed, the same as …

Sh77b of forex reserves tied up amid ballooning commitments

The Central Bank of Kenya (CBK) has revealed that approximately $600 million (Sh77 billion) of the country’s foreign exchange reserves is currently encumbered, meaning it’s tied up as collateral for various financial commitments. However, CBK Governor …

Kenya's central bank lifts forex reserves to 2-year high

NAIROBI, Oct. 11 (Xinhua) -- Kenya's foreign exchange reserves surged for the seventh straight week to hit a two-year high of 8.29 billion U.S. dollars as of Wednesday, as the country continued to bulk its dollar haul, according to a bulletin released …

CBK governor explains factors behind stable Kenya shilling and growing forex res...

The Central Bank of Kenya Governor Kamau Thugge explained that the CBK’s forex policy lets market rates be determined by supply and demand Kenya’s forex reserves have grown for five consecutive weeks, reaching USD 8,247 million (about KSh 1.064 trillion) …

EXPLAINED: Why Kenyan Shilling Strengthened in Past 5 Weeks

The Kenyan shilling has in the past five weeks consistently performed well against the United States Dollar, maintaining its streak as the best-performing currency globally. Speaking during the Monetary Policy Meeting held on October 9, the Central Bank of …

Kenyan Shilling appreciates by 17% amid two interest rate cuts in 2024—How much has inflation eased? 

The Kenyan shilling has appreciated by 17% year-to-date against the US dollar, as the Central Bank of Kenya (CBK) reduced its benchmark interest rate for the second time in a row, following a significant decline in inflation. In September, the Kenya …

Kenyan shilling steady on tea, diaspora FX inflows

Kenya’s Treasury mulls currency swaps, bond switch to ease debt burden

Kenya’s National Treasury is considering implementing currency swaps and resuming bond switch to manage the mounting public debt and ease the government’s repayment pressure exacerbated by demand for pay increments by civil servants, amid faltering …

Kenya expects more IMF funding by year-end

Kenya expects more money from the International Monetary Fund by the end of the year and is in talks with the Fund about combining the seventh and eighth reviews of its support programme, its central bank governor said on Wednesday. The East African …

CBK forex haul up Sh108bn in five weeks on dollar purchases

The Central Bank of Kenya (CBK) has grown its official forex reserves by $837 million (Sh108.1 billion) in the last five weeks after buying dollars from the market, taking advantage of a higher supply of the greenback from remittance and agriculture …

Muriithi: Resetting for growth: What is holding Central Bank?

I spent the week in Cairo at the Africa Peer Review Mechanism’s (APRM) credit rating experts 9th meeting. We spoke at length on credit ratings, interest rates and inflation. In the room were folks from Economic Commission for Africa (ECA), UNDP, and the …

Kenya seeks to stop sale of electricity in dollars

Kenya is making another bid to stop billing for wholesale power in US dollars and euros in an effort to lower electricity prices for homes and ease Kenya Power’s foreign exchange losses. Energy consumers in the country often complain of high electricity …

Higher forex charges cause rise in October power costs

Power prices for October will rise marginally on increased forex charges, with households that use up between 30 and 100 units of electricity the hardest hit of all domestic consumers. The change is based on the latest approved pass-through costs that show …

The audacity of Hyatt

Hyatt farse and outta place. The audacity of them. Saying that in this country they are not accepting our money—TT dollars. They only accepting foreign money, like American dollars, British pounds, Japanese yen, euros, Swiss francs, Turkish liras, Polish …

Private sector loans collapse to interest-rate cap era lows

Loans to businesses and households collapsed in August to low levels registered in the interest-rate cap era seven years ago as high interest rates turned away borrowers. New data by the Central Bank of Kenya (CBK) showed that private sector credit growth …

Kenyans to Access Cheaper Loans in Latest Announcement

Kenyans could soon begin to access cheaper loans after the Central Bank of Kenya (CBK) cut the base lending rate for the second successive month. In its report, the Central Bank cut the rate by 75 basis points further lowering the interest rate to 12.00 …

First Bank tops other Nigerian banks in Africa’s Top 100 ranking

Nigeria’s top bank by Tier 1 ranking is FBN Holdings (First Bank of Nigeria), ranked at 15 (down one place), with a capital of $1.9billion, according to Africa’s Top 100 Banks 2024. It was closely followed by Access Bank (16th) and Zenith Bank (17th, down …

Cape Town is ‘best-value’ long-haul holiday destination

A report from Post Office Travel Money reveals the best and worst-value holiday destinations around the world for 2024. Olivia Palamountain reports Cape Town has reclaimed its position as the best value long-haul holiday destination for British travellers, …

Payday Loans Market Size, Share, Revenue, Trends, and Drivers For 2024-2033

The Business Research Company's Payday Loans Market Size, Share, Revenue, Trends, and Drivers For 2024-2033 LONDON, GREATER LONDON, UNITED KINGDOM, October 12, 2024 /⁨EINPresswire.com⁩/ -- The payday loans market has also shown strong growth …

Personal Finance Apps Global Market 2024 To Reach $330.12 Billion By 2028 At Rate Of 25.5%

The Business Research Company's Personal Finance Apps Global Market 2024 To Reach $330.12 Billion By 2028 At Rate Of 25.5% LONDON, GREATER LONDON, UNITED KINGDOM, October 12, 2024 /⁨EINPresswire.com⁩/ -- The personal finance apps market has …

Diverse speaker line-up set to energise the Resourcing Tomorrow/Mines and Money agenda

LONDON, UNITED KINGDOM, October 12, 2024 /⁨EINPresswire.com⁩/ -- Crucial engagement and collaboration across industries and sectors is a major theme of Resourcing Tomorrow/Mines and Money in 2024, and the calibre of speakers assembled for …

In Memory of Kevin: Unique Blue Heart Productions, LLC Launches ELS Autism/ABA Therapy App for Neurodivergent Children

The ELS Autism/ABA Therapy App combines interactive tools and applied behavioral analysis. LAS VEGAS, NV, UNITED STATES, October 12, 2024 /⁨EINPresswire.com⁩/ -- With a mission to support neurodivergent children and young adults, Unique Blue …

Veteran Advocate Offers Uncommon Ways to Grow Retirement Portfolio

The IRA Café webinar series, hosted by American IRA, a self-directed IRA, is excited to feature a new guest - Chris Cornett on Wednesday, October 16th, 2024. ASHEVILLE, NC, UNITED STATES, October 12, 2024 /⁨EINPresswire.com⁩/ -- Join us for a …

MethodHub Sponsors Inaugural Capital Women Cricket League

MethodHub sponsors the inaugural Capital Women Cricket League featuring 6 teams from the US with a few players from Canada RICHMOND, VA, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- MethodHub, a midsize software services company with …

EKRUZER Launches Thrilling Alternate Reality Game at PAX Gaming Event in Melbourne

EKRUZER'S ALTERNATE REALITY GAME LAUNCHES MELBOURNE, VICTORIA, AUSTRALIA, October 12, 2024 /⁨EINPresswire.com⁩/ -- EKRUZER is excited to announce the launch of its highly anticipated Alternate Reality Game (ARG), debuting at the PAX Gaming …

Quicken Simplifi: Your All-In-One Personal Finance Companion

A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla., Oct. 12, 2024 (GLOBE NEWSWIRE) -- Quicken, the #1 best-selling personal finance software in the U.S. for over 40 years, is thrilled to announce the …

Why UK Hotels Can’t Afford to Ignore Cashless Tipping: TipBrightly Leads the Charge with QR Code Solution

TipBrightly, a leader in digital tipping will attend the Hotel & Resort Innovation Expo on October 15-16, 2024 in London in light of the UK Employee Tipping Act MOUNTAIN VIEW, CA, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- …

Black Iron Development Inc. Announces Platinum Beach Belize Hotel & Branded Residences in the Caribbean

70 acres with 1/2 mile of white sandy beach oceanfront on the Caribbean Island of Ambergris Caye in Belize by Black Iron Development, Inc. SAN DIEGO, CA, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- Black Iron Development Inc. and …

B2i Digital Acting as Marketing Partner for Maxim Group's 2024 Healthcare Virtual Summit

B2i Digital to highlight over 80 healthcare companies as the Marketing Partner for Maxim Group's 2024 Virtual Healthcare Summit, October 15-17 NEW YORK, NY, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- NEW YORK, NY/ OCTOBER 11, …

ADO Laboratory is Pushing Innovation in the E-Bike Industry

HONG KONG, October 11, 2024 /⁨EINPresswire.com⁩/ -- Since obtaining SGS certification in 2022, ADO Laboratory has emerged as a key player in ADO Ebike’s commitment to safety, quality, and innovation within the e-bike industry. The ongoing success …

NYC’s Leading Savile Row Tailor: David Reeves Marks 15 Years of REEVES

15 Years of Modern English Tailoring NEW YORK, NY, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- David Reeves, a seasoned master tailor with more than 25 years of experience, continues to cement his legacy in the world of bespoke …

National Security Capital Advisors acts as Exclusive Financial Advisor on the Sale of DataSync Technologies, Inc.

COLUMBIA, MD, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- National Security Capital Advisors LLC (“NSCA”) is pleased to announce that it served as the exclusive financial advisor to DataSync Technologies, Inc. (“DataSync”), on its …

Financial Crime & Fraud Management Solutions Market to Witness Stunning Growth with FICO, SAS, NICE Actimize, Fiserv

Stay up to date with Financial Crime & Fraud Management Solutions Market research offered by HTF MI. PUNE, MAHARASHTRA, INDIA, October 11, 2024 /⁨EINPresswire.com⁩/ -- HTF MI recently introduced Global Financial Crime & Fraud Management …

Electricity One Announces Business Electricity Sign-Up Season as Rates Drop with Cooler Temperatures

Electricity One helps businesses secure the best business electricity rates, including Dallas business electricity rates and Houston business electricity rates. HOUSTON, TX, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- With the arrival …

Unsecured Business Loans Market Segments, Drivers, Restraints, And Trends For 2024-2033

The Business Research Company's Unsecured Business Loans Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 LONDON, GREATER LONDON, UNITED KINGDOM, October 11, 2024 /⁨EINPresswire.com⁩/ -- The unsecured business …

Insurance Advertising Market Projected to Reach $30.2 Billion by 2032 with an 11.2% CAGR | AXA, Chubb

Insurance Advertising Market Projected to Reach $30.2 Billion by 2032 with an 11.2% CAGR | AXA, Chubb NEW CASTLE, DE, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, “Insurance …

Cathay FHC Marks 3rd Consecutive Year at World Biodiversity Summit During Climate Week NYC, in Conjunction with UNGA 79

Taiwan's Sole Signatory of the "Valuing Water Finance Initiative" TAIPEI, TAIWAN, October 11, 2024 /⁨EINPresswire.com⁩/ -- During Climate Week NYC, Sophia Cheng, the CIO of Cathay Financial Holdings, shared her insights at the iconic …

Understanding the Difference Between Filing a 1040 and 1040-SR in 2024 & 2025

Tax season can be a confusing time for many Americans, especially when it comes to understanding the differences between filing a 1040 and 1040-SR. TRAVERSE CITY, MI, UNITED STATES, October 11, 2024 /⁨EINPresswire.com⁩/ -- Tax season can be a …