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April 17, 2026
1h ago

Kenyan Shilling Strengthens Further as CBK Governor Issues New Projection

Kenyan Shilling Strengthens Further as CBK Governor Issues New Projection

The new rates come as a major relief for many forex traders and investors who had expressed fears and uncertainty over the local currency's future...

✨ Key Highlights

The Kenyan shilling has strengthened significantly against the United States dollar, recovering from recent pressures linked to the Middle East conflict. The local currency is now trading at Ksh129.05 to the dollar, a notable improvement from earlier in the month.

  • The Kenyan shilling is trading at Ksh129.05 per US dollar as of Thursday, April 16, 2026.
  • Key figure: Central Bank of Kenya Governor Kamau Thugge announced the positive trend and reaffirmed the bank's strategy.
  • Notable detail: Kenya's foreign exchange reserves are over Ksh1.6 trillion, equivalent to 5.8 months of import cover, with plans to add gold to bolster reserves.

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