Despite the government-backed agreement to purchase petroleum on credit, a sizable batch of dollar-denominated loans obtained from banks by oil marketers last year have come due,...
Kenyans face more expensive household budgets after the shilling hit a fresh historic low against the dollar yesterday, pointing to costlier imported goods and inflation. The...
As of Thursday, March 19, 2020, the shilling weakened against the dollar hitting the lowest level since September 2015. The currency was selling for 105.3 units...
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,...