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Kenya Shilling at Record Low, Faces Further Pressure Ahead of Eurobond Deadline

Kenya Shilling at Record Low, Faces Further Pressure Ahead of Eurobond Deadline
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Kenya shilling at record low, faces further pressure ahead of Eurobond deadline

Africa’s second-worst performing currency for 2024 fell to a record 162.29 against the dollar on Monday, extending losses since the start of 2023 to more than 23%. ....

United States , Nairobi Area , Reginald Kadzutu , Rufas Kamau , Churchill Ogutu , Timothy Kiarie , Charles Robertson , Frontier Investment Management Partners Ltd , Central Bank , Development Bank , International Monetary Fund , Nairobi Based Reginald Kadzutu ,

Kenyan Shilling's 29-Month Losing Streak Is Far From Over

(Bloomberg) Kenya’s shilling last eked out a monthly gain in May 2021 — and it’s unlikely to do so again soon, according to Bloomberg Economics. Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItTreasury 10-Year Yield Breaches 5% for First Time Since 2007Car Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionS&P 500 Holds Its Ground Amid Wild Treasury Moves: Markets WrapTh ....

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