New funding pledges of nearly $900 million ahead of a Eurobond repayment deadline are failing to defend Kenya’s shilling from fresh lows, with analysts forecasting further weakness as the rising cost ...
Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent.
The shilling’s performance against the US dollar reflects improved macroeconomic fundamentals, prudent fiscal and monetary policies, and confidence in the economy. Kenya operates a flexible exchange ...
Shortly after Kenya's 2022 elections, the shilling depreciated rapidly against the US dollar - the country's main currency for international transactions - fuelling a wave of political discontent.
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