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May 9, 2026
1h ago

Experts Issue New Projection for Kenyan Shilling as U.S. Dollar Weakens

Experts Issue New Projection for Kenyan Shilling as U.S. Dollar Weakens

The U.S. dollar has fallen for a second straight week as investors ditch the safe haven currency amid uncertainty over the Iran war that has continued since February 28...

✨ Key Highlights

The Kenyan Shilling has maintained its stability against the U.S. Dollar, which has seen a decline for two consecutive weeks. Traders anticipate the shilling will remain steady in the coming days.

  • The Kenyan Shilling closed the week at Ksh129.19, unchanged from April 30, according to the Central Bank of Kenya.
  • Key figures involved include traders interviewed by Reuters and the Central Bank of Kenya.
  • Despite expert optimism, Kenya faces fuel shortages attributed to a "technical and administrative hitch" ahead of a price review.

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