US dollar
Kenya's forex reserves surge by KSh 11b boosting shilling's strength
Kenya's foreign exchange reserves have surged by KSh 11b, providing a significant boost to the strength of the shilling. This will help manage external shocks.
Kenya shilling hits six-month high against US dollar
The Kenya shilling has surged to a six-month high against the US dollar, driven by interventions from Central Bank of Kenya. The bank sold dollars to the market.
Kenya shilling remains stable against US dollar, forex reserves drop slightly
This week, the Kenyan shilling remained stable against the US dollar amid steady market demand. However, Kenya’s forex reserves saw a slight decline.
Strong Kenya shilling cuts gross public debt by 2%, Treasury
The strengthening of the Kenyan shilling has led to a 2% reduction in the country’s gross public debt, according to the country's National Treasury.
Donald Trump's govt to impose tariffs on Kenya, other countries using VAT system
US president Donald Trump's administration plans to impose tariffs on imports from Kenya and other countries that implement a Value-Added Tax (VAT) system.
Kenyans abroad send home KSh 55.2b in remittances as CBK forex reserves grow on strong shilling
Central Bank of Kenya (CBK) registered an increase in foreign currency reserves at $9.4 billion (KSh 1.2 trillion), maintaining the shilling stability in the market.
Elon Musk-led group bids KSh 12.6 trillion for ChatGPT's parent firm OpenAI
An Elon Musk-led group has had its KSh 12.6 trillion bid to acquire ChatGPT’s parent company, OpenAI, rejected. The offer aimed to take control of the AI firm.
How Kenya shilling performed against US dollar, other currencies in January 2025
Central Bank of Kenya (CBK) data showed the shilling exchanged at KSh 129.21 per US dollar, KSh 160.38 per British Pound, KSh 133.61 per Euro, and KSh 83.84 per Yen.
USAID freeze: How Donald Trump orders will affect Kenya shilling value against US dollar
Central Bank of Kenya (CBK) governor Kamau Thugge said that despite the USAID freeze, Kenya's foreign currency reserves remain adequate. stabilising exchange rate.
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