NAIROBI, Sept 8 – Kenyan President Mwai Kibaki said on Thursday the government was seeking an early disbursement of funds under an agreed IMF facility to ease pressure on the shilling and help restore order to domestic markets.
Tag: kenyan shilling
Kenyan shilling to recover from low
NAIROBI, Aug 11 – Kenya’s shilling is expected to firm against the dollar next week after recovering from an all-time low, bucking a trend in African currencies which are under additional pressure because of the global flight from riskier assets.
Kenya leaves rates on hold, shilling falls
NAIROBI, July 27 – Kenya’s central bank surprised markets by leaving its benchmark interest rate unchanged at 6.25 percent on Wednesday, confounding analysts and putting the shilling under pressure.