Shilling falls further against major world currencies
With still over three months to the end of 2023, the local exchange rate has nearly doubled its losses against...
archiveCentral Bank of Kenya
Why is Kenya running out of US dollars?
Kenya is facing an acute foreign exchange crunch, with US dollar reserves dropping to their lowest in eight years as...
Diaspora remittances now Kenya’s largest foreign exchange earner
By VINCENT OWINO Kenya is now earning more foreign exchange from diaspora remittances than each of its major exports –...
