shilling

richest man in the world, Elon Muskreturned to support the first meme, Dogecoin (DOGE), albeit indirectly. This increased the potential for Dogecoin to rise by 36,000%, just as it did in Bull Racing 2021. Elon Musk is back in…

Investment firm Centum has restructured a N3.1 billion dual currency loan from Standard Bank of South Africa into a shell facility, allowing the company to avoid exchange rate risk on the facility in the event of future weakness of the…

The price of pyrethrum extract, the main product obtained from processing pyrethrum flowers, jumped 38.8 percent last year to an all-time high, due to the weak shilling. Data from the Agriculture and Food Authority shows that the…

Kenyan banks recorded currency losses of about Ksh50 billion in the first half of the year when translating financial statements of regional subsidiaries into Kenyan shillings due to the appreciation of the shilling during the period.…

Nairobi has now become among the cheapest cities in the world this year for expatriates whose purchasing power has increased amid a weaker shilling, according to the latest ranking by consultancy Mercer. The Kenyan capital is ranked…

Dr Kamau Thug's exploits in stabilizing the fluctuating Kenyan shilling led to him being named Central Banker of the Year by African Banker magazine just one year into his tenure at the Central Bank of Kenya (CBK). This recognition…

Economy Stronger shilling, softer inflation fail to lift business activities Thursday April 04 2024 Some companies experienced cash flow challenges in March while consumer demand also dropped. PHOTO | SHUTTERSTOCK Kenya’s…

Boss Talk John Gachora: NCBA CEO on why fundamentals are not explaining shilling performance Friday March 29 2024 NCBA CEO, John Gachora. ILLUSTRATION | JOSEPH BARASA | NMG NCBA Group managing director and Kenya Bankers…

Currencies Central Bank buys dollars to curb shilling volatility Thursday February 15 2024 Central Bank of Kenya (CBK) Governor Kamau Thugge. FILE PHOTO | DENNIS ONSONGO | NMG Kenya's shilling gave up some of its gains in…

Companies How weak shilling hit EABL profit Saturday January 27 2024 Samples of EABL products at its microbrewery off Thika Road on January 26, 2024. PHOTO | WILFRED NYANGARESI | NMG While regional liquor maker East African…