@BusinessDaily

Shilling firms to 102 as investors sell off dollar

11 days ago, 14:11

By: Kevin Mwanza

The shilling gained below the psychological 103 mark against the dollar for the first time since mid-September as foreign investors bought local assets and commercial banks sold the green back after calm returned to markets after two months of electioneering.

“We have good dollar supply from foreign investors and banks unwinding dollar positions,” a foreign exchange trader at one commercial bank said.

It last touched this level on September 15, according to Central Bank of Kenya data.

Read More


Category: business news

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@BusinessDaily

Shilling firms to 102 as investors sell off dollar

11 days ago, 14:11

By: Kevin Mwanza
The shilling gained below the psychological 103 mark against the dollar for the first time since mid-September as foreign investors bought local assets and commercial banks sold the green back after calm returned to markets after two months of electioneering.

“We have good dollar supply from foreign investors and banks unwinding dollar positions,” a foreign exchange trader at one commercial bank said.

It last touched this level on September 15, according to Central Bank of Kenya data.

Read More

Category: business news

Suggested

5 hours ago, 11:12
@DailyNation - By: Abiud Ochieng
Court orders Kenya Airways to reinstate sacked engineers

Labour Court Judge Hellen Wasilwa has directed Kenya Airways #ticker:KQ to immediately reinstate sacked engineers and technicians pending hearing and determination of the case.

Category: topnews news business
6 hours ago, 10:35
@StandardMedia - By: Harold Odhiambo
Kenya’s smart licence to have driver's information, history

The transport authority will as from next month roll out the much anticipated smart driving licences.

Category: topnews news business
19 hours ago, 21:14
@BusinessDaily - By: Muthoki Mumo
Carrefour seeks protection from rivals in two malls

Nakumatt, the largest local retail chain, has been going through a financial upheaval in recent months which has led to the closure of a number of stores in Kenya, Uganda, and Tanzania.

Category: business news corporate topnews
7 hours ago, 08:43
@StandardMedia - By: Lee Mwiti
Depositors of Imperial Bank file new case against Central Bank of Kenya to have deposits worth Sh100 billion released

The depositors of Imperial Bank have filed a new case against the Central Bank of Kenya to have deposits worth Sh100 billion released.

Category: business news
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@TheStar - By: Carolyne Kubwa @c ...
Hilton Hotel contempt case rescheduled for hearing tomorrow

“If this honourable court does not intervene, there is a real risk and likehood that the suit property shall be wasted and irreparably damaged and the dignity, honour and authority of this honourable ...

Category: topnews news business
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