Kenya successfully raised $1.5 billion through a new Eurobond issuance. This latest financial moved is aimed at refinancing existing debt and easing the pressure on the country’s fiscal position. But what does this mean for Kenya’s economy, its citizens, and its future? This article breaks down the details of the Eurobond, its implications, and what…
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…
The Kenya Shilling has witnessed a remarkable ascent against the US dollar, fueled by local investors’ shift away from dollars amid perceptions that the greenback shortage has eased. – The Central Bank of Kenya (CBK) closed forex markets with an exchange rate of KSh 153.2039, marking a notable uptick from the KSh 160.0000 range observed…
