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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

shilling

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Africa

Kenya’s shilling is gaining value, but don’t expect it to last – expert

      By Odongo Kodongo, University of the Witwatersrand   Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent. More than a year later, the Central Bank of Kenya, taking its cue from the International Monetary Fund, said that the run on the shilling was a market correction for a […]

todayApril 17, 2024 11

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Africa

Twin rate cuts set Mozambique apart as African currency rally

    By Seth Onyango, bird story agency   Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first African country to slash rates twice in 2024. The move highlights Maputo’s aggressive push for economic growth amid a wider trend of cooling inflation and currency stability against the US dollar across Africa. Rate cuts in the southeastern African nation, prompted […]

todayApril 8, 2024 35

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