Kenyans abroad sent home a record Ksh.341 billion in 2020

By Kepha Muiruri,

Kenyans living and working abroad sent home a record Ksh.341 billion in 2020, growing their remittances by 10.7 per cent from Ksh.308 billion in 2019....

Central Bank of Kenya (CBK) , diaspora remittances

Shilling hits near two-month high against the dollar

By Kepha Muiruri,

The Kenya shilling has rallied against the US dollar hitting a near two-month high in early trading on Wednesday. The local unit was for instance q...

Central Bank of Kenya (CBK) , Kenya Shilling

Kenya shilling slips past 110 mark

By Kepha Muiruri,

The Kenya shilling slipped past another crucial confidence marker on Friday as it breached the Ksh.110 mark in its valuation against the US dollar. ...

CBK , dollar , shilling

Diaspora dollar flow rises by 17 per cent to Ksh.29 billion in October

By Kepha Muiruri,

Inflows from Kenya’s diaspora have continued to grow by 17.3 per cent to Ksh.28.8 billion ($263.2 million) in October from Ksh.24.6 billion ($224.3 ...

Central Bank of Kenya (CBK) , diaspora remittances

CBK dollar reserves fall below 5-month cover as shilling treads on 109 mark

By Kepha Muiruri,

The Central Bank of Kenya (CBK) usable foreign currency reserves have fallen below the five months import cover in the past week as the shilling faces...

Central Bank of Kenya (CBK) , Kenya Shilling

CBK dollar reserves fall as Kenya shilling swings back against U.S. currency

By Kepha Muiruri,

The Central Bank Kenya (CBK) dollar reserves declined by Ksh.8 billion in the week as the shilling swung back against the U.S. dollar from a historica...

CBK , Kenya Shilling

Kenya shilling falls to a new record low

By Kepha Muiruri,

The Kenya shilling touched a new low in Wednesday’s trading session against the U.S. dollar as the local unit now sees new bouts of volatility. T...

Central Bank of Kenya (CBK) , COVID-19 , shilling

Kenyan diaspora defies Covid-19 to keep dollars flowing

By Kepha Muiruri,

The Kenyan diaspora has defied hardships arising from the Covid-19 pandemic to keep dollars flowing into the country. The flows termed as diaspora ...

Central Bank of Kenya (CBK) , COVID-19 , diaspora remittances

CBK leaves benchmark rate unchanged for third time at 7%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent for the third straight month. The CBK Monetary Policy Comm...

CBK , CBR

High dollar demand sends the Shilling rocking past Ksh.108 mark

By Kepha Muiruri,

The Kenya shilling has sunk to a new low having breached the Ksh.108 mark against the US dollar on Wednesday. The Central Bank of Kenya (CBK) quote...

Central Bank of Kenya (CBK) , shilling

Debt dilemma as Kenya must now spend its way out of Covid-19 pandemic

By Kepha Muiruri,

Kenya could be set for an even higher debt stock as its development partners back additional spending amidst the Covid-19 pandemic. Even as falling...

coronavirus , Kenya's debt , National Treasury

Kenya receives Ksh.78 billion IMF loan to address Covid-19 pandemic

By Kepha Muiruri,

The International Monetary Fund (IMF) Executive Board approved the disbursement of Ksh.78.3 billion ($739 million) in emergency funding to Kenya on We...

Covid-19 pandemic , International Monetary Fund (IMF) , Kenya's debt

CBK sanctions Absa Bank for irregular forex trading

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has flagged Absa Bank Kenya for irregular foreign exchange trades conducted in March. According to the reserve bank...

CBK cuts base lending, commercial bank reserve rate to cushion economy

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has trimmed its base lending rate to 7.25 per cent from 8.25 per cent in January as it seeks to support credit issuanc...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , coronavirus

Shilling drops to lowest level since September 2015

By Kepha Muiruri,

The Kenya shilling dropped to its lowest level in valuation against the US dollar crossing the Ksh.105 mark on Thursday for the first time since Septe...

Central Bank of Kenya (CBK) , coronavirus , kenyan shilling

Shilling drops to lowest level in five months over coronavirus fears

By Kepha Muiruri,

The Kenya shilling touched a five-month low in its trading against the US dollar on Tuesday as concerns on the impact of the coronavirus outbreak cont...

Central Bank of Kenya (CBK) , coronavirus , shilling

CBK to buy 400 million dollars from banks amid global volatility fears

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has expressed its intent of growing its usable foreign currency reserves above normal levels by buying US dollars from...

Central Bank of Kenya (CBK) , foreign currency reserves , shilling

Shilling could weaken if Treasury dumps external commercial loans – Report

By Kepha Muiruri,

Analysts at Genghis Capital have raised fresh concerns on the volatility of the shilling should the National Treasury’s plan to stop taking up exter...

Central Bank of Kenya (CBK) , Genghis Capital , shilling

CBK retains base lending rate at 9% for the 16th straight month

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained the base lending rate at nine percent for the 16th consecutive month on the back of predictable inflation...

benchmark interest rate , CBK

Nigeria’s president moves to stop funding for food imports

By CNN,

Nigeria's President Muhammadu Buhari has instructed the country's central bank to stop providing foreign currency for food imports, according to a sta...

Africa Continental Free Trade Agreement (ACFTA). , Nigeria , President Muhammadu Buhari