Tag: finance
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Another HiLo Success Story
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In the labyrinth of cryptocurrency casino games, where fortunes are won and lost with the turn of a card, one game stands out for its unique blend of strategy and chance – HiLo. As players navigate the highs and lows of this captivating game, they soon discover that success hinges not just on luck, but…
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How I Made My First Million
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It all started with a modest investment of about KES 90,000, a sum that held a significance in the grand scheme of things. With everyone struggling in this new economy, there had to be a way out of the madness. For me, this sum of money represented a glimmer of hope amidst the darkness.
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Will the Kenyan Shilling Soar or Sink? Betting on Kenya’s Future
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Kenyan wallets are feeling lighter these days, thanks to the shilling’s recent tango with gravity. But will this downward slide continue, or could we see a triumphant twirl back towards strength? Buckle up, because predicting the shilling’s next move is like trying to waltz with a hummingbird – fast, feathery, and full of surprises. On…
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CBK lowers interbank forex trading limit to $100,000
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In response to the introduction of an electronic trading platform that is anticipated to enhance supply and price discovery in the forex market, the Central Bank of Kenya (CBK) has reduced the minimum amount that banks may trade in the official interbank forex market from $250,000 (Sh39.3 million) to $100,000 (Sh15.7 million). The spread of…
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NSE: A Cautious Dawn or Storm Clouds Gathering?
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The Nairobi Stock Exchange (NSE) ushered in 2024 with a whimper, not a bang. The first trading day saw a dramatic plunge in both volume (12.5 million KES) and value (897k shares) compared to previous years. While a single day’s data shouldn’t dictate the narrative, it raises questions about the NSE’s immediate and long-term outlook.…