×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Shilling predicted to strengthen further

Vocalize Pre-Player Loader

Audio By Vocalize

Consumer spending set to increase as shilling rebounds. Last month the currency gained 4.4pc against the dollar. [Elvis Ogina, Standard]

The shilling is predicted to undergo market correction giving consumers more spending power.

An analysis by Stears attributes the correction to tightening fiscal measures by the Central Bank of Kenya (CBK) and liquidity from the International Monetary Fund injected into the National Treasury as loans.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
New push to promote dignity in Kenya's coffee trade
Business
Kenya's oil sector on edge amid escalating US-Israeli war on Iran
By Brian Ngugi 18 hrs ago
Business
Loan talks stall as IMF tells Kenya to brace for Iran war fallout
Business
Police ink Sh1.9 billion deal with Co-op Bank to boost mobility