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Kenyan Shilling Skyrockets by 17.8% in 2024: What’s Fueling the Surge?

The Kenyan shilling has made significant gains against the US dollar this year, appreciating by 17.8% from January to June. This growth reflects a combination of favorable market conditions, increased foreign exchange inflows, and investor confidence. Weekly Performance and Key Drivers In the past week, the shilling strengthened by 1.06%, closing at 128.66 from the…

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Revolutionizing Imports Trade: How Kenya’s iCMS Cuts Customs Clearance Times by 60%!

How the Integrated Customs Management System Works Customs agencies worldwide face the dual challenge of facilitating trade while ensuring regulatory compliance. To address these challenges, the Kenya Revenue Authority (KRA) has implemented the Integrated Customs Management System (iCMS), a streamlined and efficient platform designed to integrate various customs processes into a cohesive system. This article…

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Unraveling Kenya’s Complex Tax Landscape: Key Insights for Business Owners in 2024

Dive into Kenya’s intricate tax system with our comprehensive guide. From corporate tax to the new digital service tax, uncover how recent changes and special economic zones impact your business. Stay compliant, optimize your tax strategy, and navigate the latest regulations with confidence. Don’t miss out on essential updates and expert tips for thriving in…

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Kenya Shilling Resilience: Factors Driving Currency Strength in Global Markets

The Kenya Shilling (KES) is key to Kenya’s economy. It’s the main currency for all transactions within the country. Knowing what affects its performance is crucial for traders, investors, businesses, and policymakers. This article explores the factors influencing the Kenya Shilling and its recent trends as of May 2024. Kenya has one of Africa’s largest…

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CMA Approves Arvocap Unit Trust Scheme, Expands Investment Opportunities

The Capital Markets Authority (CMA) has approved the registration of the Arvocap Unit Trust Scheme under the Capital Markets Act and the Collective Investment Schemes Regulations of 2001. This scheme includes 10 sub-funds: “Collective investment schemes allow retail investors to easily enter the capital markets. They help grow the customer base and democratize wealth,” said…

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Trending News

Kenyan Shilling Skyrockets by 17.8% in 2024: What’s Fueling the Surge?
Kenyan Shilling Skyrockets by 17.8% in 2024: What’s Fueling the Surge?
Revolutionizing Imports Trade: How Kenya’s iCMS Cuts Customs Clearance Times by 60%!
StanChart Shakes Up Kenya’s Loan Market with New SC Juza App – Get Loans Fast and Easy!
Unraveling Kenya’s Complex Tax Landscape: Key Insights for Business Owners in 2024