The main source of a bank’s non-interest income is from foreign currency trading, revealing how lenders are benefiting from the ongoing dollar shortage. Forex trading accounts...
Today, the Kenyan shilling had its largest one-unit decline in the previous four months as it hit a new low against the US dollar. Google currency...
Regardless of market conditions, the one topic I always end up discussing with clients and investors is currency markets. There are frequently strong opinions expressed about...
The National Social Security Fund (NSSF), which seeks to protect its portfolio from further erosion owing to the weakening shilling, is thinking about diversifying its investment...
The Kenya shilling sank to a historic low of Sh124 against the US Dollar on Monday, coming at a time when Kenyans in the diaspora are...
The British pound has resumed a slide against the US dollar that picked up pace last week after the U.K.’s new government outlined plans to cut...
Shilling sank to a record low on Friday as political headwinds, inflation and high debt burden weigned in, before paring losses to trade at Sh119.9. The...
The Kenyan Shilling has weakened against the dollar to a new record low of KSh115 as of Friday, 26th March 2022. Commercial banks quoted the shilling...
On Thursday the shilling gained ground on the dollar currency and hit a clean three-and-a-half year. This has allowed for cheaper imports of goods like cars,...