Herald Aloo

The Kenya shilling has made a rare comeback against major currencies, wiping all this year’s losses in the past few days, but experts doubt the trend will hold post-Eurobond maturity in June 2024.

View from the Great Ethiopian Renaissance Dam (photo: Twitter)

Uchumi closed down, albeit temporarily, and was placed in receivership during June 2006 after 30 years of business. (Photo/supplied)

A picture taken on February 25, 2022 shows the headquarters of SWIFT, Society for Worldwide Interbank Financial Telecommunication, in La Hulpe (Terhulpen), near Brussels. (Photo by JAMES ARTHUR GEKIERE / Belga / AFP)

A giraffe walks near the elevated railway line that allows movement of animals below the Standard Gauge Railway (SGR) line linking Nairobi and Naivasha inside the Nairobi national park in Nairobi, Kenya, on October 16, 2019. REUTERS/Njeri Mwangi

The Kenya Commercial Bank (KCB) in Nairobi on 24 January 2018. (Photo: SIMON MAINA / AFP)

James Mwangi, CEO of Equity Bank Group, made the ‘deliberate decision’ to keep interest rates low to support civil servants and salaried individuals, while non-performing loans rose to KSh114.6bn.

Despite pressure from OECD’s global minimum tax initiative, Kenya has maintained its 1.5% Digital Service Tax on tech giants like Amazon and Google.

The strategy will see Jambojet’s current Dash 8 400s gradually phased out in favour of larger aircraft like the United State’s Boeing or Brazil’s Embraer

A Forker 70 aircraft flies over the evening traffic towards the Wilson Airport in Nairobi on 6 February 2024. (Photo by Tony KARUMBA / AFP)