Kenyan shilling stable, LSEG data shows
NAIROBI, May 23 (Reuters) - Kenya's shilling was stable against the dollar on Friday, data from the London Stock Exchange Group showed.
At 0919 GMT, the shilling traded at 129.00/129.50 per dollar, compared to 128.95/129.45 at Thursday's close.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
2 hours ago
- Reuters
Exclusive: Petrobras aims to make Africa its main exploratory region outside Brazil
RIO DE JANEIRO, June 5 (Reuters) - Petrobras ( opens new tab aims to make Africa its main region of development outside Brazil, the state-run oil firm's CEO said on Thursday, adding that Ivory Coast has extended the "red carpet" for them to explore in deep and ultra-deep waters off its coast. The firm also seeks to explore India's coast, taking part in an upcoming oil block auction scheduled for July, CEO Magda Chambriard told Reuters. In recent years, Petrobras has shown an interest in buying stakes in oil assets abroad, especially in Africa, as it looks to boost reserves while it faces delays in obtaining environmental permits to drill for new oil in Brazil. "We are experts in the eastern margin of Brazil," said Chambriard, citing geological similarities between the region and Africa. "The correlation between Brazil and Africa is unequivocal, so we need to go to Africa."
Reuters
4 hours ago
- Reuters
Israeli military says it will strike Beirut's southern suburbs
CAIRO, June 5 (Reuters) - The Israeli military on Thursday told residents of four neighborhoods in Beirut's southern suburbs to evacuate ahead of strikes on what it said were underground Hezbollah drone-manufacturing sites, and thousands fled. The evacuation warning, published on X, was the first such warning in over a month for the suburbs, which were hit hard in the year-long war that ended in a ceasefire in November. Residents rushed to leave the area, causing traffic gridlock. "Despite the understandings between Israel and Lebanon, the IDF has identified that the Hezbollah aerial unit is operating to produce thousands of UAVs, with the direction and funding of Iranian terrorists," the army added in a statement, using acronyms for the Israel Defense Forces and drones. There was no immediate comment from Hezbollah. A U.S.-brokered truce in November halted the fighting between the Iran-backed Hezbollah and Israel. Each side accuses the other of not entirely living up to its terms, and the ceasefire has looked shaky in recent months.
Reuters
4 hours ago
- Reuters
Drillers, unions urge US senators to preserve hydrogen credit
WASHINGTON, June 5 (Reuters) - A coalition of nearly 250 companies and business and labor groups on Thursday urged top U.S. Republican senators to preserve a credit for the emerging hydrogen fuel industry as they hash out President Donald Trump's tax and spending bill. Oil and gas lobbying group the American Petroleum Institute, a local unit of the International Brotherhood of Electrical Workers, and DuPont (DD.N), opens new tab urged Senate Majority Leader John Thune and Senator Mike Crapo to extend the construction deadline to December 31, 2029 for hydrogen projects to receive a tax break. The Senate is debating its version of the bill after the House of Representatives terminated the so-called 45V credit for any project which begins construction after the last day of 2025. "If this course of action is adopted by the Senate, it will drive tens of billions of dollars in planned private sector investments out of the United States and into other countries," the groups said in a letter to the senators, dated June 5. "Failing to act now by preserving 45V means ceding the future of hydrogen to China." The Business Council for Sustainable Energy and the Nuclear Hydrogen Initiative also signed the letter. House Republicans slashed the credits which had been included the Inflation Reduction Act, the landmark climate legislation signed by former President Joe Biden, a Democrat. Under the IRA, hydrogen producers got tax credits for projects that began construction before 2033. Industry analysts say clean hydrogen, opens new tab, or hydrogen produced from non-fossil energy sources, or natural gas paired with technology to capture carbon emissions and store them underground, is needed to decarbonize heavy industry and some vehicles. The letter said clarity from lawmakers would spur tens of billions of dollars in private capital, boost domestic manufacturing, and create long-term employment in construction, operations, and technology.
