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Shilling hits historic low as fuel deal fails to stop slide

A government-backed deal to import fuel on credit has failed to stop the depreciation of the Kenyan shilling against the dollar.

United arab emiratesAbu dhabiAbuz abySaudi arabiaMuathi kilonzoWilliam rutoStanbic bankEquity bankInternational monetary fundSaudi aramcoAbu dhabi national oil companyCentral bankEmirates national oil company groupEquities kenyaDefg hermes

Kenya s dollar market distortion eases after president s order

The Kenyan interbank market for hard currency has turned dormant in recent years, due to what traders said was aggressive policing by CBK.

Patrick njorogeMuathi kilonzoCentral bankInternational monetary fundPresident william rutoEquities kenyaWhy congoWilliam ruroInterbank marketCentral bank of kenyaPatrick njoroge

Dollar market distortion eases after President Ruto directive

The biting dollar shortage has eased following the revival of the interbank currency market.

Patrick njorogeMuathi kilonzoInternational monetary fundCentral bankPresident rutoPresident william rutoEquities kenyaWilliam ruto

Foreigners share sale drops at NSE in August

Foreign investor sales at the Nairobi Securities Exchange (NSE) slowed down in August, reflecting a decline in supply of shares after heavy sales.

Nairobi areaMuathi kilonzoInternational monetary fundEquity groupNairobi securities exchangeAfrica breweries limitedEquity salesEquities kenyaEast africa breweries limitedNairobi securities exchangeStock tradeRussia ukraine war

Investors snap up cheap NSE stocks in Sh192bn week rally

NSE has turned bullish, lining the pockets of investors with a Sh192 billion jump in paper wealth in just one week.

Nairobi areaEric musauMuathi kilonzoStandard investment bankNairobi securities exchangeCooperative bankAbsa bank kenyaStanbic holdingsStandard chartered bank kenyaEquity groupSettlement corporationAfrica breweries limitedEast africa breweries limitedEquities kenyaCo op bankCentral depository

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