Latest news with #KenyanShilling
Reuters
12-05-2025
- Business
- Reuters
Kenya shilling steady in subdued market activity
NAIROBI, May 12 (Reuters) - The Kenyan shilling remained stable in early trade on Monday, with market activity subdued, traders said. As of 0705 GMT, commercial banks quoted the shilling at 129.00/50, unchanged from Friday's closing rate.
Reuters
09-05-2025
- Business
- Reuters
Kenyan shilling steady, with exporter FX supply meeting demand
NAIROBI, May 9 (Reuters) - The Kenyan shilling was broadly steady on Friday as foreign exchange supply from exporters met subdued dollar appetite, traders said. At 0900 GMT the shilling was trading at 128.75/129.75 to the U.S. currency compared with 129.00/129.50 at Thursday's close, London Stock Exchange Group data showed. "I think it's going to trade within this band for the next week. The market is balanced," a trader said.
Reuters
06-05-2025
- Business
- Reuters
Kenyan shilling steady, supported by remittances
Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File photo Purchase Licensing Rights , opens new tab NAIROBI, May 6 (Reuters) - The Kenyan shilling was steady on Tuesday, supported by remittances and muted foreign-currency demand, traders said. As of 0935 GMT the shilling was trading at 129.00/50 to the U.S. currency, the same level as at the close of Monday's session, London Stock Exchange Group data showed. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Hereward Holland; Editing by Alexander Winning Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
The Hindu
30-04-2025
- Business
- The Hindu
Cricket Kenya to start its own T20 League in September
Cricket Kenya is all set to start its own franchise-based league, CKT20, in September to revive the sport in which the country had done reasonably well in the past, including reaching the semi-final of the ODI World Cup in 2003. The first season of the league will be an intense 25-day showdown to be contested by six franchises that have been allowed to import at least five international players from across the globe. A lucrative contractual agreement has been penned by the CK and the Dubai/India based company AOS Sport Tournament in which the latter is expected to invest $2 million over a period of five years. "This is huge. It will be exciting. It will be thrilling. It will turn around Kenya's game for the better," former Kenya International Kennedy Obuya said. "Only four of the foreign players in a team will be permitted to play at any given fixture, the rest of the fielded squad will be local," explained the former wicketkeeper-batter, who played 90 ODIs for his country and is also a CK Board Member. The league is set to get $300,000 funding in the opening season from the AOS. The support will be increased by $50,000 annually, translating to $350,000 in 2026, $400,000 in 2027, $450,000 in 2028 and $500,000 in 2029, totalling to approximately 255 million Kenyan Shilling in the five years at the current rate. "This strategic collaboration is poised to catapult Kenyan cricket to unprecedented heights. The CKT20 League promises to unlock vast potential for Kenyan cricketers, as well as talented players from the African associate member nations," the AOS Sport Tournament Chairman Chandra Prakash Panwar stated. "This initiative aligns with the vision of Honorable Indian Prime Minister Narendra Modi, who graciously pledged comprehensive support to the Kenyan government, to support Kenya's tourism and sport," Panwar added. "Only four of the foreign players in a team will be permitted to play at any given fixture, the rest of the fielded squad will be local," explained Obuya.
Zawya
13-03-2025
- Business
- Zawya
KCB Bank unveils Kenya's first platinum multi-currency card with Compass Plus Technologies
Dubai, UAE – KCB Bank, the largest financial institution in East Africa, has partnered with Compass Plus Technologies to strengthen its multi-currency offering by launching Kenya's first platinum multi-currency prepaid card which will empower its customers with the flexibility and convenience they need to pay for goods and access funds across borders. The card allows users to load and transact in 11 currencies - Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan - some of the most popular among its customers, all while helping users avoid the typical exchange fees associated with currency conversion. 'The launch of this card is a celebration of the strengthening of our long-standing partnership with Compass Plus Technologies. This collaboration, once again, brings together two leaders in the industry, merging our expertise, innovation, and shared goal to provide exceptional financial solutions living up to our aspirations of being the bank of choice in Kenya,' said Angela Mwirigi, Director of Digital Financial Services, KCB Bank Kenya Once enrolled, cardholders will enjoy favourable exchange rates and reduced conversion costs that eliminate unexpected charges and simplify global spending. The card's ability to handle multiple currencies removes the need for separate currency accounts or physical cards, ensuring greater convenience and security. "We are thrilled to have collaborated with KCB Bank on this exciting venture," stated Adil Ahmed, Vice President & Deputy Managing Director, MEA at Compass Plus Technologies. "Throughout our long-term partnership, KCB has always taken a forward-thinking approach to developing new card products to improve the lives of their customers. This card not only enhances the banking experience for KCB Bank's customers but also sets a new industry standard for multi-currency prepaid cards in Africa." KCB Bank has been working with Compass Plus Technologies since 2012, when the bank successfully consolidated its three separate systems into one flexible in-house processing centre to handle its issuing, ATM, and POS acquiring businesses. Since then, the two parties have worked together on multiple projects to drive financial inclusion in Kenya and expand the bank's presence in East Africa. For more information, please contact Declan Kinsella at PR@ About KCB Bank Kenya Ltd KCB Bank Kenya Limited is the largest commercial bank in the country. A subsidiary of KCB Group Plc, the Bank has the largest branch network, with over 200 branches, 367 ATMs and 16,000 agents offering banking services on a 24/7 basis in East Africa. This is complemented by mobile banking and internet banking services with a 24-hour contact center services for our customers to get in touch with the Bank. KCB Group Plc- which also has presence in Uganda, Tanzania, South Sudan, Burundi, Rwanda and a representative office in Ethiopia also boasts of a wide network of correspondent relationships totaling over 200 banks across the globe and our customers are assured of a seamless facilitation of their international trade requirements wherever they are. About Compass Plus Technologies: Compass Plus Technologies is passionate about payments technology and architecting it properly for the needs of today and tomorrow. From start-ups and industry disruptors to recognised innovators and market leaders, our exceptional technology puts our customers in the driving seat and ultimately in control of their payment ecosystems. Together, we deliver ground-breaking and industry-leading products and services with uncontested ease and proven time-to-market.
