Foreign flows now support the shilling

The Kenyan shilling held steady against the dollar on Thursday and traders said falling lending rates and a weakening Japanese yen could apply pressure. Traders said falling commercial rates in the country could spur demand for consumer goods, much ...

10:06am BST NAIROBI, May 14 (Reuters) - Shares in Safaricom climbed 3.6 percent after Kenya's biggest telecoms firm posted a surge in full-year profit underpinned by strong growth in non-voice revenues. Safaricom, 40-percent owned by Britain's ...

4:32pm BST * Safaricom shares close 3.5 pct higher after earnings * KenGen shares recover from steep fall over new tariff setback * Shilling seen under pressure from fresh government spending (Recasts with shares) By Duncan Miriri NAIROBI, May 15 ...

Kenyan President Uhuru Kenyatta ordered on Tuesday (May 14th) that 4 billion shillings ($47.8 million) be set aside annually for the purchase of new security equipment for police. Kenyatta also announced that a team of officials from the treasury ...

NAIROBI ( ) - The Kenyan shilling fell slightly on Monday, but traders said they expected renewed support for the currency on the back of dollar inflows from the tea sector and strong foreign demand for local equities. Commercial banks quoted the ...

NAIROBI, May 6 (Reuters) - Kenya's central bank sought to mop up 9 billion shillings ($107.53 million) from the market on Monday using repurchase agreements (repos). The bank has been mopping up excess liquidity since last year to support the ...

Dimension Data has bid over 3-billion shillings for Kenyan information technology firm AccessKenya as part of moves to expand in sub-Saharan Africa. The proposed acquisition is the first of a Nairobi-listed firm since a peaceful presidential ...

NAIROBI ( ) - The Kenyan shilling was steady on Wednesday following an interest rate cut which traders said had been largely priced in after the central bank delayed its policy meeting by 24 hours until Tuesday. Leading commercial banks quoted the ...

NAIROBI ( ) - The Kenyan shilling was steady on Thursday and tipped to firm on reduced corporate dollar demand ahead of a central bank meeting next week where policymakers are widely expected to keep interest rates unchanged. At 0653 GMT, commercial ...