Kenyan Shilling (KES) News Monitoring

Kenyan shilling weakens, liquidity up as interbank market activity rises

The Kenyan shilling lost further ground against the dollar on Wednesday, under pressure from fuel importers and manufacturers, but liquidity had increased as activity in the long-dormant interbank market rose, traders said. At 0924 GMT, commercial banks …

Revolution or Demagoguery: Impact of Raila Odinga's Demonstrations on Democratic...

Raila Odinga declared a nationwide public protest setting 14 irreducible minimums against President William Ruto's government Raila has condensed the irreducible minimums to only four saying they must be met before he has any meaningful dialogue with …

Kenya Airways forecasts sustainable recovery in 2024

The Group's revenue stood at KES 117 billion, a 66% increase from the previous year. This is 5% below the pre- pandemic reported revenue, indicative of the Groups projected recovery by 2024. The growth in revenue was driven by a significant increase in …

Shilling weakens further despite State interventions 

Thursday March 30 2023 The Kenya shilling is yet to stop the slide after it weakened further on March 30, 2023 to exchange at Sh132.13 against the dollar. FILE PHOTO | SHUTTERSTOCK A government wide intervention to save the Kenya shilling is yet to stop …

Kenya Airways posts worst-ever loss

Kenya's troubled national carrier, Kenya Airways, said on Monday that its losses for last year more than doubled to $290 million, the worst results it has posted in its history.  The airline, whose slogan is "The Pride of Africa", has been …

Kenya’s economic forecast takes a dip

Kenya, like the rest of the area, is recovering from the region's worst drought in four decades. It has also experienced an increase in the pricing of basic goods, as well as the impacts of a weaker currency and a large public debt load, as reported by …

Kenya central bank trims 2023 GDP growth forecast to 5.8%

Kenya Central Bank Governor Patrick Njoroge said on Thursday that he expected the country's economy to expand by 5.8% in 2023, less than an earlier forecast for 6.1%, because of lower growth in the agricultural sector. Like other countries in the …

Kenya Airways reports another loss-making year, last year, but on recovery course

Kenya Airways (KQ), the East African country’s national flag carrier, this week released its results for the full year of 2022. (The airline is currently a public-private partnership, with the Government of Kenya as the biggest, but not majority, …

Kenya Airways Saw Operating Costs Increase 93% In 2022

Kenya Airways (KQ) released its full-year financial results for the year ending December 31, 2022, at a virtual investor briefing, which highlights an increase in revenue, losses, and operating costs. The latest statistics released on March 27 show that …

All eyes on CBK amid raging currency and inflation crises

Central Bank of Kenya Governor Patrick Njoroge. [File, Standard] The Central Bank of Kenya's (CBK) top decision-making organ will tomorrow hold its second monetary policy meeting this year, with how to wrestle down rising inflation and the raging …

Kenya Airways slumps to record Sh38.2billion loss

Kenya Airways flight taking off at the Jomo Kenyatta International Airport in Nairobi. October 15, 2022 [Elvis Ogin,Standard] Kenya Airways (KQ) has sunk deeper into loss-making, reporting yet another record loss after tax of Sh38.26 billion for the year …

Shuttle diplomacy that rescued the shilling

Tuesday March 28 2023 Central Bank of Kenya Deputy Governor, Dr Susan Koech on February 28, 2023. PHOTO | LUCY WANJIRU | NMG Senior bankers held a flurry of meetings with the Central Bank of Kenya (CBK) two weeks ago to revive the interbank forex market …

Inside Kenya’s multi-million-shilling monkey business

Now that President William Ruto has decreed that we forgive and forget the past on Arror and Kimwarer dam scandals, we can end this chapter of sleaze and hope the eating will stop. The national gluttons have had more than enough. Many people think that …

Kenya’s $21mln sugar factory to start trial run in August

West Valley Sugar Company’s 2.8-billion-Kenyan-shilling ($21.27 million) sugar factory in Kericho County will start trial runs in August. The trial will continue for two months before the official commissioning in October, Business Daily reported, citing …

How banks made billions as other sectors struggled

Kenyan banks earned record profits last year in sharp contrast to firms in other sectors that posted profit slumps or losses due to high inflation.  An analysis by the Nation shows the top nine banks listed at the Nairobi Securities Exchange (NSE) earned a …

Between elite infighting and state violence, Kenyan masses forge their own struggle 

Gunshots could be heard into the night in the Kenyan city of Kisumu on Monday, March 27, following a day of anti-government protests, which also saw scenes of chaos in the capital of Nairobi. Defying the recent ban on protests, thousands of people took to …

Roundup: Kenyan police clash with anti-government protesters

NAIROBI, March 27 (Xinhua) -- The streets of Kenya's capital Nairobi remained deserted and most businesses shut on Monday as anti-government protests entered the second week. While the police managed to mute the protests in the capital, confining them …

Africa Embraces Bitcoin as Alternative to US Dollar Crisis

As several African nations grapple with the negative effects of the ongoing US dollar crisis, there’s growing interest in adopting Bitcoin as an alternative currency. The potential of this digital currency to revolutionize Africa’s $86 billion banking …

Rich Kenyans dollar savings more than tipple to Sh320bn amid shortage

Monday March 27 2023 Foreign currency deposits owned by households soared by 246 percent across 2022 to close the year at Sh320 billion from Sh285 billion. FILE PHOTO | SHUTTERSTOCK Households joined corporate bodies in the race to stack up dollars in …

Walmart CTO says Qartn will become a major payment option

2 TEMPLE BACK EAST, BRISTOL, UNITED KINGDOM, April 2, 2023 /⁨EINPresswire.com⁩/ -- Suresh Kumar suggested that Qartn Token will become an important payment tool across the Metaverse and retail stores, as these areas will be a major way for …

The Baldwin Avenue Gallery in Sierra Madre Continues Lori Poncsak Show Through April

After filling the house for the opening, Lori Poncsak's work will be on display at the Baldwin Avenue Gallery for the month of April SIERRA MADRE, CA, USA, April 2, 2023 /⁨EINPresswire.com⁩/ -- The Baldwin Avenue Gallery is proud to host the …

Muslims and Jews Unite for Interfaith Iftar

WASHINGTON DC, DISTRICT OF COLUMBIA, UNITED STATES, April 2, 2023 /⁨EINPresswire.com⁩/ -- Press Release For immediate publication Dated: March 30th, 2023 AMMWEC, American Muslim & Multifaith Women’s Empowerment Council, Congregation B’nai …

Wild Horses and Cattle - Important Differences and Why it Matters

Wild Horses digest their food differently than ruminant livestock (cattle, sheep and goats) and that has a serious impact on our pristine wilderness areas YREKA, CA, US, April 2, 2023 /⁨EINPresswire.com⁩/ -- During the course of giving a national …

CSNK2A1 Foundation Appoints Dr. Gabrielle Rushing As Science Program Director

Effective April 12, 2023, Dr. Rushing will lead innovative research efforts for Okur-Chung Neurodevelopmental Syndrome, an ultra-rare genetic condition. SAN FRANCISCO, CALIFORNIA, UNITED STATES, April 2, 2023 /⁨EINPresswire.com⁩/ -- In an exciting …

WantAFreshStart announces Lifesaver consultation for Those Struggling with Finances during Divorce and Debt!

WantAFreshStart Law Firm announces Lifesaver consultation for Those Struggling with Finances during Divorce and Debt! PRESCOTT, ARIZONA, UNITED STATES, April 2, 2023 /⁨EINPresswire.com⁩/ -- WantAFreshStart, a reputable bankruptcy law firm in …

Media Advisory - Prime Minister's itinerary for Sunday, April 2, 2023

TAL Shareholder Action Reminder

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In TAL To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - April 2, 2023) - Faruqi & Faruqi, LLP, a leading …

Top Takeaways from FII Institute's Global PRIORITY Summit - Day One

The Global Priority Summit, which brings together world leaders and international changemakers, hosted its first day of panels discussing top global concerns and exchanging ideas in order to formulate actionable solutions for the future. MIAMI, April 2, …

Top Takeaways from FII Institute's Global PRIORITY Summit - Day One

The Global Priority Summit, which brings together world leaders and international changemakers, hosted its first day of panels discussing top global concerns and exchanging ideas in order to formulate actionable solutions for the future. MIAMI, April 2, …

Tiens Group Attends Boao Forum for Asia Annual Conference 2023

Tiens focuses on global markets by engaging with likeminded peers from the four corners of the globe BOAO, China, April 2, 2023 /CNW/ -- The highly anticipated Boao Forum for Asia (BFA) Annual Conference 2023 themed "An Uncertain World: …

Tiens Group Attends Boao Forum for Asia Annual Conference 2023

Tiens focuses on global markets by engaging with likeminded peers from the four corners of the globe BOAO, China, April 2, 2023 /PRNewswire/ -- The highly anticipated Boao Forum for Asia (BFA) Annual Conference 2023 themed "An Uncertain World: …

MAMA Plan Announced - Affordable Manufactured Housing Investors Aim at Trillion Dollar MHVille Biz in a Decade

'Millionaires that want to be billionaires' unveiled "MAMA" = Millionaires’ Alliance for MHVille Advancement Plan Mainstreams Affordable U.S. Manufactured Homes WINTER HAVEN, FLORIDA, UNITED STATES, April 1, 2023 /⁨EINPresswire.com⁩…

Labor Attorneys, at Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Suit, Against West Hills Hospital for Allegedly ...

West Hills Hospital allegedly failed to fully relieve employees for their legally required off-duty rest breaks, which allegedly resulted in employees missing out on minimum and overtime wages. LOS ANGELES (PRWEB) April 02, 2023 The Los Angeles employment …

Labor Attorneys, at Blumenthal Nordrehaug Bhowmik De Blouw LLP, File Suit, Against West Hills Hospital for Allegedly ...

West Hills Hospital allegedly failed to fully relieve employees for their legally required off-duty rest breaks, which allegedly resulted in employees missing out on minimum and overtime wages. LOS ANGELES, April 2, 2023 /PRNewswire-PRWeb/ -- The …

Appy Pie Introduces Blue Tick Verification Feature

HAMPTON, Va., April 2, 2023 /PRNewswire/ -- Appy Pie App Builder, the leading no-code app development platform, has now introduced blue tick verification, in a recent update to its social networking app builder platform. Apps built on the platform …

Online Bill Payment Automation Software for Business Announced by Rillion

Rillion has announced Rillion Pay, a fully managed payments operations solution enabling organizations to eliminate paper checks, manual payment processes, and supplier exceptions. Chicago, Illinois--(Newsfile Corp. - April 2, 2023) - Rillion, a leading …

Vancouver Financial Coach RightFit Advisors Announce RRSP-RSP Education Reports

RightFit Advisors has launched its latest online financial literacy education resources to help consumers decide which retirement option meets their needs. Vancouver, British Columbia--(Newsfile Corp. - April 2, 2023) - RightFit Advisors has announced a …

Branded Content Marketing Service For Visibility Launched By Clean Machine Media

Clean Machine Media has announced its content marketing service for commercial cleaning companies across the US. The team produces multimedia content to help clients grow awareness about their brands. Burnham-on-Crouch, United Kingdom--(Newsfile Corp. - …

Overcome and Reverse the Effects of Illness and Diseases with Expert Nutrition and Fitness Guru, Matty B WOOOO

Matty B WOOOO is an inspirational figure for many. His life changed dramatically following a terrible accident that left him paralyzed and in a coma. But Matty refused to give up on himself and fought back against the odds, gradually relearning how to do …