Foreign investors pull out $1m from NSE in extended flight
The continued exit of foreign investors has served to extend a long run of low stock valuations in the NSE’s bear run.
Source: theeastafrican.co.ke
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Kenyans flock to dollar ventures as shilling falls
The drive towards dollar denominated investments has seen fund managers set up forex investment vehicles in response to the demand from clients.
Source: theeastafrican.co.ke
Kenya shilling's free fall slows down on rising dollar inflows
Central Bank of Kenya data shows that the shilling has shed on average three cents to the dollar since the beginning of December.
Source: theeastafrican.co.ke
Falling shilling, high rates eat into Safaricom profit
The telco’s net profit for six months to September 30 declined by 10 percent; Ethiopian investment, and decline in voice business contributed.
Source: theeastafrican.co.ke
Weak shilling raises Kenya debt repayment
The rising debt costs have further been pressured by the significant depreciation of the shilling against the US dollar.
Source: theeastafrican.co.ke