Treasury CS John Mbadi has said the Kenyan government deliberately intervened to prevent the shilling from gaining too much ...

Treasury Cabinet Secretary John Mbadi has said the government would not allow the Kenyan currency to strengthen further ...

Kenya's shilling was broadly stable against the dollar on Monday, data from the London Stock Exchange Group showed.

noting the local unit would be trading at a much higher level in the absence of the apex bank’s intervention. “The shilling has appreciated from a low of Sh160 to now Sh129 per US dollar.

A negative change in diaspora remittances could hurt the shilling whose stability to a bigger extent depends on how much Kenyans send back home. Transfers from the US contribute the largest in the ...