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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KRA Scraps Nil Returns, Issues Directive to Kenyans Without Income - April 2026
The Kenya Revenue Authority (KRA) has replaced the Nil Returns filing system with a new "PIN with No Obligation" (PWO) category to simplify tax compliance for individuals without taxable income. In a separate development, the Kenyan shilling has strengthened significantly against the United States dollar, recovering from recent pressures linked to the Middle East conflict, now trading at Ksh129.05 to the dollar. Additionally, the government, in partnership with Huawei Technologies Kenya, launched a tree-growing initiative in Limuru, Kiambu County, to restore endangered forests and bolster climate resilience.
