Kenya
3 articlesThe currency framework associated with Kenya, a sovereign state in East Africa, uses Kenyan shilling (KES). Currency administration is led by the Central Bank of Kenya; Kenyan shilling banknotes and coins circulate within the jurisdiction. Articles belong here when the territorial or national setting changes how a currency is issued, circulated, regulated or used in payments. Its permanent classification rests on the confirmed link among Kenya, the currencies used there and the institutions responsible for their issue or oversight.
I&M Bank pushes digital trade finance upgrade with Surecomp
I&M Bank is rolling out a digital trade finance system with Surecomp, looking to speed up business in Kenya and expand to Tanzania, Rwanda, Uganda, and Mauritius.
Uganda Shilling Nears Record Low as Dollar Demand Rises
Uganda's shilling is under renewed strain as commercial banks quote weaker rates and businesses rush to secure dollars, putting the currency at risk of hitting its lowest level ever against the US dollar amid ongoing uncertainty in Iran.
UnionPay Expands E-Commerce Payments in Nine African Countries
UnionPay International and Standard Bank have extended their partnership to enable nearly 900 merchants in nine African markets to accept online payments in local and US dollars, broadening payment options for businesses and consumers.