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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

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    Darts Expects Only P50K from BNSC for 2023/24

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    Botswana athletes to train in USA

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    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

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    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

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    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Kenyan shilling plunges to record lows

      mm by RMB Africa Research
      October 4, 2022
      in News
      Reading Time: 1 min read
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      Kenyan shilling plunges to record lows

      Current account balance as a % of GDP

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      The Kenyan shilling has repeatedly plunged to record lows this year, weighed down by high oil prices and hard currency demand from sectors, including energy and manufacturing, outmatching supply.

      Further compounding pressure on the shilling has been a persistent current account deficit. Provisional data from the Central Bank of Kenya showed that the current account deficit was estimated at 5.2 percent of GDP in the 12 months to August 2022, a similar position to that recorded in the corresponding month of 2021.

      According to the CBK, the deficit was supported by receipts from service exports and resilient remittances. Kenya continues to run current account deficits, and this could see the shilling, which remains overvalued on a real effective exchange rate basis, extend its bearish run in the near term. Looking to this week, dollar demand from fuel importers and corporate clients is set to outweigh supply, suggesting that the selling pressure is unlikely to abate.

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