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Prices in the Kenyan shilling are written in the form of x/y, where x is the amount in shillings, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "-/50" and 100 shillings as "100/=" or "100/‑". Sometimes the abbreviation KSh is prefixed for distinction. If the amount is ...
The exchange rate of the Kenyan Shilling between 2003 and 2010 averaged about KSh74-78 per US Dollar. [67] The average inflation between 2005 and July 2015 was 8.5%. [68] In July 2015 Kenya's inflation rate was estimated to be 6.62%. [69]
The following is a list of Kenya's richest. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine.. Kenya is the largest economy in the East African Community, the 3rd largest economy in Sub-Saharan Africa, with a gross domestic product of US$120.87 billion as of 2020 [1] up from US$70.539 billion in 2017. [2]
During colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. These included the Somali shilling; the Italian East African lira; and the African franc (in Francophone countries). Many post-colonial governments have retained the ...
The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. [2] It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce. The shilling was divided into 100 cents, and twenty shillings ...
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
The US$3.6 billion railway was the largest infrastructure project in Kenya since independence. [25] Financing was finalised in May 2014, with the Exim Bank of China extending a loan for 90 percent of the project cost and the remaining 10 percent coming from the Kenyan government. [26] [27] 25,000 Kenyans were hired to work on the project. [28]
The Finance Ministers of Tanzania, Uganda and Kenya announced that they were giving up the East African shilling, the common monetary unit that had been established by the East African Currency Board nearly 50 years earlier, in favor of issuing their own currency. [43]