Moses kuria warns that Ksh. Could depreciate to 170 if IMF does not disburse anticipated fund.

Former Kenyan Cabinet Secretary Moses Kuria has issued a warning that the Kenyan shilling could depreciate to Ksh 170 against the US dollar within 19 days if the International Monetary Fund (IMF) does not disburse the anticipated funds. This highlights the potential vulnerability of the Kenyan currency, which has already been under pressure due to various economic challenges, including rising debt levels and global economic uncertainties. The timely release of these funds is seen as crucial to stabilizing the currency and maintaining economic confidence.

  • Waren.com

    Africa Gossip Brings You Information Across The Globe.

    Related Posts

    Justin Muturi: “William Ruto is a Very Dangerous Character. Unfit to be President and Irredeemably Corrupt”

    In a fiery statement that has sent shockwaves through Kenya’s political landscape, former minister Justin Muturi has launched a scathing attack on President William Ruto, calling him “a very dangerous…

    China Warns U.S. of Retaliation Amid Growing Tensions.

    China has issued a strong warning to the United States, signaling its readiness to confront any form of conflict, whether economic or otherwise. Speaking at a press briefing, China’s Foreign…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    🔴 Inside el-Fasher: Locals Share Life Under Siege in War-Torn Sudan

    🔴 Inside el-Fasher: Locals Share Life Under Siege in War-Torn Sudan

    Kiambu Governor Wamatangi Grilled by EACC Over Alleged Embezzlement of Public Funds

    Kiambu Governor Wamatangi Grilled by EACC Over Alleged Embezzlement of Public Funds

    15 Butere Girls Students Reported Missing After Drama Festival Participation.

    15 Butere Girls Students Reported Missing After Drama Festival Participation.

    Dow futures tumble more than 600 points as China hits back at Trump’s tariffs.

    Dow futures tumble more than 600 points as China hits back at Trump’s tariffs.

    Moses Kuria Loses Bid to Stop Property Auction Over Sh54M Debt

    Moses Kuria Loses Bid to Stop Property Auction Over Sh54M Debt

    Costly Crowd Cheers: President Ruto’s Central Kenya Tour Raises Eyebrows.

    Costly Crowd Cheers: President Ruto’s Central Kenya Tour Raises Eyebrows.