The Kenyan Shilling is projected to strengthen against the U.S. Dollar in the upcoming week, driven by increased foreign currency inflows from remittances sent by Kenyans living abroad.

• Ksh931.8 billion in remittances is projected between June 2024 and June 2025, with the U.S. being the largest contributor.
• President William Ruto's administration is actively encouraging overseas employment to boost these remittances and stabilize the shilling.
• A stronger shilling is beneficial for Kenya, as it lowers the cost of essential imports like fuel and machinery, contributing to economic stability and easing pressure on foreign exchange demand.