The official reserves have already recorded a reduction since the start of the US-Israel war on Iran in March, but the Kenya Shilling has held firm to trade in a narrow-bound range of 129 to 130...
By
Kepha Muiruri
Business Reporter
Nation Media Group
Kenya’s official foreign exchange reserves are expected to come under renewed pressure, the World Bank has said, citing rising import costs and a slowdown strain in hard-currency sources such as diaspora remittances.
The Kenya shilling has held steady, trading within a narrow-bound range of 129 to 130 units against the US dollar while the…
Rising fuel prices linked to the Iran conflict have pushed Kenya’s inflation to a 16-month high.
Kenya's foreign exchange reserves are set to climb to a seven-month high, bolstered by proceeds from the sale of a 15 per cent…
Kenya's economic growth is expected to slow this year, with the World Bank cutting its forecast to 4.3 percent, citing the global…
Data from the Kenya National Bureau of Statistics (KNBS) shows that the deficit in merchandise trade grew 17.4 percent to…
CBK is projecting that goods imports will grow by 8.1 percent to $25.62 billion (Sh3.32 trillion) this year, while exports will…
