Central Bank of Kenya

In the domestic foreign exchange market, during the past week, the Kenyan shilling depreciated slightly but remained range-bound versus the U.S. dollar.

And according to data from the Central Bank of Kenya, the official exchange rate for the dollar was quoted at 129.94.

Meanwhile, the sterling pound was priced at 171.62 and the euro was valued at 145.37. And on the regional front, one Kenyan shilling was changing hands for 31.16 Ugandan shillings and 20.27 Tanzanian shillings.

And to the Rwandese franc, it was posted at 11.34.

Meanwhile, the overnight interbank rate, which is now referred to as the Kenya Shilling Overnight Interbank Average, aka Ksonia, this is the rate that banks used to lend to each other and is now the new reference rate for lending transactions by commercial banks.

The overnight interbank rate remained unchanged at 8.75%, which is in line with the current central bank rate.

And according to data from the Central Bank of Kenya, the following are the key short-term money market rates.

With the latest data showing inflation running at 6.8%, which is above the central bank's midpoint target rate of 5%.

We now change scene to the Kenyan financial markets.

And we start by looking at the cost of living in the country, where Kenya's inflation accelerated to 6.8% in September, which was the highest level since January 2024. intensifying the focus on the Central Bank of Kenya ahead of its monetary policy meeting on 7 October.

The annual rate of inflation rose from 6.6% in August and from 6.4% in June, while consumer prices increased by 0.4% on a monthly basis, with food and transport remaining the main sources of price pressures.

Meanwhile, food and non-alcoholic beverages rose by 9.5%, hitting its highest level since June 2023, while transport prices increased by 15.6% over the past 12 months.

Food and transport costs combined contributed about 4.4 percentage points to inflation, which translates to about 65% of the overall inflation rate.

In the domestic foreign exchange market, During the past week, the Kenya shilling was a tad bit lower but remained range-bound versus the US dollar.

And according to data from the Central Bank of Kenya, the official exchange rate for the dollar was quoted at 129.71.

Meanwhile, the standing pound was priced at 172.28 and the euro was valued at 147.30. And on the regional front, one Kenyan shilling was changing hands for 30.14 Ugandan shillings and 20.35 Tanzanian shillings and to the Rwandese franc, it was posted at 11.36.

Exactly.

Those regulations assign licensing and supervisory roles to the Central Bank of Kenya and the Capital Markets Authority.

Sponsors and organizers are positioning Nairobi as the convergence point of a sizable user base, advanced digital payments infrastructure, and an emerging regulatory framework, conditions that should attract exchanges, fintechs, institutional investors, and infrastructure providers focused on stablecoins, cross-border settlement, tokenization, and payments.

Let's talk about Encryptus for a moment.

You can pay bills and quite a number of services.

So this has been enabled by a friendly competitive environment which has been made possible by our regulators, the Central Bank of Kenya.

And of course, the third one and the most important one is customer experience.

So you can have the best products in this world.

And I think one of the examples that Lucy cites in her piece, I think is more representative of where a lot of the pensions are on the continent.

She cites Bankiku Pension Scheme, which is also the Central Bank of Kenya pension scheme, and notes that they've invested in a dozen or so private funds.

And the way they started actually was kind of picking one fund manager, the private equity firm AfricanVest, investing in one of their funds, re-upping in another, re-upping in another.

And then they've slowly been expanding the scope of private funds that they have supported.

And as is the norm, we start by looking at the domestic foreign exchange market, where during the past week, the Kenya shilling remained static versus the U.S. dollar.

And according to data from the Central Bank of Kenya, the official exchange rate for the dollar was quoted at 129.45.

Meanwhile, the sterling pound was priced at 175.48 and the euro was valued at 150.79. And on the regional front, one Kenya shilling was changing hands for 29.35 Ugandan shillings and 20.39 Tanzanian shillings.

And to the Rwandese franc, it was posted at 11.36.

Meanwhile, the overnight interbank rate, which is now referred to as a Kenya Shilling Overnight Interbank Average, aka Ksonia, this is the rate that banks used to lend to each other and is now the new reference rate for lending transactions by commercial banks.

The overnight interbank rate remained unchanged at 8.75%, which is in line with the current central bank rate.

And according to data from the Central Bank of Kenya, the following are the key short-term money market rates.

with the latest data showing inflation running at 6.6%, which is above the central bank's midpoint target rate of 6.5%.