Govt Strategy That Stopped Kenyan Shilling From Weakening to Ksh180
Stabilising the currency and avoiding a Eurobond default were critical in maintaining confidence in Kenya’s financial system and protecting the broader economy...
✨ Key Highlights
Senior Economic Advisor David Ndii asserts that the government-to-government (G-to-G) petroleum deal was crucial in preventing the Kenyan Shilling from depreciating to Ksh180 against the U.S. Dollar.
- The G-to-G arrangement, implemented in 2023, significantly reduced the demand for U.S. dollars to finance fuel imports, thereby easing pressure on the country's foreign exchange reserves.
- A critical factor was avoiding a potential default on the Ksh320 billion Eurobond that matured in June 2024.
- David Ndii, President's Chief Economic Advisor, highlighted that without this deal, the Shilling would have fallen dramatically, potentially leading to default.
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CS Duale Welcomes New SHA Officers for Universal Health Coverage - March 2026
The Cabinet Secretary for Health, Aden Duale, has welcomed newly recruited officers to the Social Health Authority, a move aimed at bolstering the implementation of Universal Health Coverage. The Social Health Authority is urging all Kenyan employees to verify timely remittance of their monthly health insurance deductions by employers, emphasizing that employers are legally required to submit these contributions by the ninth day of the following month. Senior Economic Advisor David Ndii asserts that the government-to-government petroleum deal was crucial in preventing the Kenyan Shilling from depreciating to Ksh180 against the U.S. Dollar.
