The contraction in forex income across all top banks reflects subdued activity in currency markets after the shilling’s ...

The shilling has slipped from an average of about Shs3,430 against the dollar to around Shs3,620, a depreciation of roughly 5 ...

The recent ban on the exchange of the Kenyan currency by the Tanzanian and Ugandan governments has wiped out its value at the border points. A spot check by The Standard at the Busia border yesterday ...

NAIROBI (Reuters) -African currencies are expected to show mixed performance against the U.S. dollar in the coming week, with ...

Earlier in 2023, speculation on the weakening of the shilling had led to a large build-up of hard currency in banks as both corporates and households moved to seek a hedge against the then weakening ...

Kenya's President William Ruto said on Tuesday he expected the shilling currency to strengthen to under 120 per dollar in the next couple of months, citing an oil import deal that will cut demand for ...

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Somalia is planning to print its first official banknotes for the first time in a quarter-century. Since civil war broke out in the country in 1991, Somalia has not printed any official currency.