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Business Daily

Rich Kenyans sit on Sh922bn in dollars as shilling weakens

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Wealthy Kenyans and firms had piled up a record Sh922 billion in dollars by last November as they sought to preserve the value of their bank deposits amid a depreciating shilling. This is after they accumulated an extra Sh119.24 billion…
Business Daily

Kenyan Exporters Earn Billions in Exchange Gains in Q3

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Kenyan exporters have booked billions of shillings in exchange gains from a weaker shilling as the Central Bank of Kenya’s decision to let the exchange rate act as a shock absorber began to pay off. Compared to the third quarter of…