Kenya shilling tipped to weaken further on low forex inflows
Low foreign exchange inflows and high global interest rates could see the shilling continue to lose ground.
Source: nation.africa
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Sameer now issues profit warning, blames shilling
Sameer Africa has issued a profit warning anticipating a more than 25 percent decline in full-year profits for the year ending December 2022.
Source: businessdailyafrica.com
Weak shilling hands expatriates 9pc pay rise
Expatriates and multinational firms’ workers who are paid in dollars are the biggest winners from the weakening of the shilling.
Source: businessdailyafrica.com
Shilling for first time hits Sh116 against the dollar
The shilling closed trading at Sh116.1 to the dollar, compared to Tuesday’s Sh115.99 and has depreciated from Sh113.13 at the start of the year.
Source: businessdailyafrica.com
Shilling drops further to near 115 against dollar
The shilling has weakened to a record low against the dollar, pressured by higher demand for the US currency by importers of petroleum products and other items such as industrial supplies.
Source: businessdailyafrica.com