The Central Bank Rate has been maintained at 18 percent for the sixth straight month while inflation has dropped to 12.22%
So why has the CBK decided to maintain the Central Bank Rate at 18 percent? One word: Europe.
Kenya Airways was expected to announce the results of its KES 20 billion rights issue today. This announcement has been postponed to the 8th of June. The rights issue has been the biggest cash-call in the East African stock markets with nearly 1.5 billion…
As at the close of trading on the NSE yesterday, the NSE 20-share index stood at 3,635.86 down from 3,653.29 the day before. The All-share index stood at 78.16 down from 78.21 the previous day. The number of shares traded also fell from 17.4 million on Tuesday to the 13.317…
The Kenya Shilling gained on the US Dollar for the second consecutive day, up 0.186% in the day's trading. The KES however lost against the Euro, the Sterling Pound and the SA Rand.
Below is a comparison of the performance of the Kenya Shilling over the last two trading days; Thursday 31st May and Monday 4th June 2012: Currency US Dollars Euro Sterling Pounds SA Rand KES/USHS KES/TSHS KES/RWF Date 31/05/2012 86.825 107.6096 134.5124 10.1415 28.6209 18.3128 6.9394 04/06/2012 86.1167 106.8906 132.3502 10.0089…