Kenyan Shilling Gets Major Boost as Forex Reserves New Record
submitted 3 months ago by Samuelwriter_ke
submitted 3 months ago by Samuelwriter_ke
- The Kenyan shilling has strengthened due to an increase in foreign exchange reserves, which now cover six months of imports, helping stabilize the currency against the US dollar.
- This boost comes from a major telecommunications deal and expected funding from the World Bank, alongside easing inflation and improved investor confidence.
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