Safer Kenya

Safer Kenya As It Happens

01/11/2024
29/03/2024

UPDATE: Chairman of the Presidential Council of Economic Advisors, David Ndii says the sudden strengthening of the Kenyan Shilling was due to an external random variable called 'sunspots'

Ndii says Factors such as investors' sentiment, expectations, reactions to non-economic events, or novelty indicators can be classified as sunspots.

Taking into consideration Ndii's argument of sunspots, the sudden appreciation of the local currency is mainly due to external factors which influenced the financial markets

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