Julisha Digital

Julisha Digital

5/24/2025, 4:27:59 PM

Kenya's forex reserves jump by $144 million to $10.3 billion Kenya's foreign reserves jumped by USD 144 Million to hit 10,308 Million U.S Dollars from the 10,164 Million USD recorded in the previous week, providing 4.6 Months of usable import cover, which meets the Central Bank's statutory requirement to endeavour to maintain at least 4 months of import cover.

Julisha Digital

5/24/2025, 3:51:37 PM

Equity Bank fires over 200 employees, targets 1,600 others after audit uncovers a Ksh 1.5 billion M-Pesa payroll insider fraud https://julisha.co.ke/article/1748101041593Equity-Bank-sacks-200-Employees-over-Ksh15B-insider-fraud-scandal-1748101041593

Julisha Digital

5/24/2025, 5:29:28 PM

Kenyan Shilling remains stable, exchanging at Ksh 129.23 per U.S dollar for the week ended The Shilling maintained stability against major international and regional currencies during the week ending May 22, exchanging at KSh 129.23 per US dollar, data released by the Central bank shows. As of 22nd May 2025, the shilling exchange rates against international currencies was as follows: 1 USD = Ksh129.23 Sterling pound = Ksh173.56 1 Euro = Ksh 146.41 Japanese Yen = Ksh89.93 Regionally, the shilling continued to show dominance with a shilling exchanging at 28.27 Ugandan Shillings, 23.03 Burundi Franc, 20.86 Tanzanian Shillings and 10.93 Rwandanese Franc.

Julisha Digital

5/24/2025, 4:48:22 PM

How To Import A Phone Or Laptop from the U.S to Kenya Affordably https://julisha.co.ke/article/1737222483085How-To-Import-A-Phone-Or-Laptop-from-the-US-to-Kenya-Affordably-1737222483085

Julisha Digital

5/23/2025, 8:27:10 PM

Treasury Cs John Mbadi : If it's true we lose Ksh 2 Billion daily to corruption, suppose we reduce that to Ksh 1 Billion and save the other Billion, that's Ksh 360 Billion saved in a year. I wouldn't need to go to Washington to beg for money from World Bank or the IMF

Julisha Digital

5/24/2025, 5:13:32 PM

Government extends NHIF staff contracts by six months for smooth SHA transition https://julisha.co.ke/article/1748106431115Govt-extends-NHIF-staff-contracts-1748106431115

Julisha Digital

5/25/2025, 12:02:19 PM

Government is seeking an additional Sh5 billion to sustain the Hustler fund

Julisha Digital

5/24/2025, 7:26:33 PM

NEWS HEADLINES 1. Kenyan Shilling vs Dollars & other currencies : Stable 2. Kenya's foreign reserves jumped by USD 144 Million to hit 10,308 Million U.S Dollars: 4.6 months of import cover 3. Equity Bank fires over 200 staff, targets 1,600 more after a Kshs 1.5 billion M-Pesa payroll insider fraud audit exposee 4. State extends NHIF employees contracts for 6 Months for smooth SHA transition 5. Ten Million Kenyans, Hustler Fund borrowers, who have since disappeared owe a total of Sh6 billion. The state is considering writing the debt off 6. Family courts across the country will dedicate the coming week to hear and determine all pending succession (inheritance) cases 7. The gov't is set to borrow Ksh591 billion from the local market in the upcoming financial year, a move that could deal a blow to Kenyans who rely on local banks to finance their businesses 8. Treasury CS John Mbadi says that funding from the International Monetary Fund (IMF) was omitted from the 2025/26 Budget over uncertainty 9. Jobs for thousands of Kenyans are hanging in the balance as companies exporting products to the US express fears over the impending lapse of the African Growth and Opportunity Act (AGOA) 10. The 40th East African Community Sectoral Council on Trade, Industry, Finance and Investment wrapped up in Arusha, Tanzania 11. Sudan's Minister of Interior presented a comprehensive plan to safeguard civilians, to the UN Security Council aimed at countering foreign interference in Sudan’s internal affairs 12. Sixteen Boko Haram militants were killed by the military after they attempted to infiltrate the 25 Taskforce Brigade headquarters in Damboa, Nigeria 13. Egypt repatriated 71 of its citizens from Libya amid rising tensions in the capital Tripoli 14. Harvard University sues U.S. government over revocation of school's authority to enroll international students 15. The U.S. will sanction Sudan over its use of chemical weapons in 2024, the State Department said on Thursday. The sanctions will include export restrictions and limits on government credit from around June 6 16. Chinese President Xi Jinping holds phone talks with German Chancellor Friedrich Merz 17. The United States Department of Justice (DOJ) has announced the recovery of about $2.5 million from fraudulent crypto schemes 18. Hyperliquid leads with $3.4M in daily fees, followed by Tron and Solana at $2M each 19. Tether plans to focus on markets outside the U.S. as Congress debates new stablecoin regulations 20. Elon Musk owned social platform X (former twitter) suffers a major large-scale outage

Julisha Digital

5/23/2025, 11:44:32 PM

Money Market Funds : Ksh MMF vs USD MMF Money market funds are gaining popularity in the country as an investment vehicle. While most local investors have concentrated on Shilling MMFs, the US dollar (USD) MMF, is emerging as a compelling alternative. The main difference between Shilling MMFs and USD MMFs is their investment strategies. Unlike Ksh MMFs, USD MMFs invest in dollar-denominated securities. This could be fixed deposits, commercial papers, corporate bonds, Eurobonds etc. Shilling MMFs typically offer higher interest rates ( 5-13% )compared to the 4-6% offered by USD MMFs. Despite the low returns, investing in USD money market funds offers several benefits : If you earn in dollars, USD MMFs allow you to maintain these earnings without having to convert them into the local currency If your investments are heavily exposed to Kenyan shilling assets, investing in Dollar backed assets helps spread risk across different currencies (diversification)

Julisha Digital

5/23/2025, 8:05:16 PM

Embakasi East Mp Babu Owino secures the release of over 200 petty offenders from Nairobi Prisons, hours after his admission to the bar as an advocate of the High Court of Kenya https://julisha.co.ke/article/1748029955836Babu-Owino-secures-release-of-petty-offenders-hours-after-hes-admitted-to-the-bar-1748029955836