Experts Warn Kenyan Shilling Faces Weakening Pressure Against U.S. Dollar

Author: Frankline OduorPublished on: October 16, 2026Country: Kenya

Business & Economy

Traders expect the Kenyan shilling to weaken against the U.S. dollar as importers and oil marketers increase their demand for foreign currency. The pressure could raise future fuel prices. It may also increase the cost of importing other goods, including machinery, electronics and industrial raw materials.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Burnham invites Swinney to work together on 'deeper Scottish devolution'

PoliticsBusiness & EconomyUnited Kingdom

Glenn Campbell and James Delaney•31m ago

Burnham invites Swinney to work together on 'deeper Scottish devolution'

Prime Minister Andy Burnham invited John Swinney’s Scottish government to work with Westminster on a new regional economic development deal, potentially including the devolution of powers from the Department for Work and Pensions. Speaking at an event in North Lanarkshire, Burnham called for more powers to pass from Holyrood to local areas first and said local government reform needed to move faster. He argued that devolution should extend beyond the Scottish Parliament and urged politicians to move past constitutional and partisan disputes to deliver practical results. Swinney said he was willing to work constructively with Westminster while supporting the Scottish Parliament having as many powers as possible.

Kinshasa electricity crisis: SNEL must shed light on its private partnerships (CNPAV statement)

Business & EconomyDemocratic Republic of the Congo

actualite.cd•37m ago

Kinshasa electricity crisis: SNEL must shed light on its private partnerships (CNPAV statement)

As Kinshasa faces increasingly long power outages, available electricity in the capital has fallen from about 700 MW in July 2026 to 390–450 MW. CNPAV and the Mwangaza Network are urging SNEL and government authorities to disclose details of the Karpowership partnership, the Kibombo Bis hydropower project and private electricity imports. They call for publication of contracts, tariffs, licences and the partners’ beneficial owners, alongside independent checks of financial commitments and selection processes. Karpowership has announced capacity of 134–135 MW, while SNEL is expected to commit $110 million to Kibombo Bis.

‘Trying to dominate’: In Cyprus, some fear Israel’s growing influence

World / InternationalPoliticsCyprus

Nils Adler•1h ago

‘Trying to dominate’: In Cyprus, some fear Israel’s growing influence

Cyprus’s growing ties with Israel reach essential sectors: state-owned Mekorot helps supply water, Israel Aerospace Industries is providing the island’s new air defences, and Israeli firms are expanding a hospital network and hold a stake in the country’s largest gasfield. Cypriot Christos Achniotis says Israel is seeking to expand its territorial, commercial, political and military influence. The Cypriot government presents the relationship as a security alliance against Turkey, but several people interviewed by Al Jazeera fear the country is becoming dependent on another state. Those concerns are sharpened by Israel’s much larger economy and military and Cyprus’s reliance on desalinated water.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox