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Kenyan shilling. Kenya National Bureau of Statistics, as of June 2010. The shilling ( Swahili: shilingi; abbreviation: KSh; ISO code: KES) is the currency of Kenya. It is divided into 100 cents. The Central Bank of Kenya Act cap 491, mandated the printing and minting of the Kenyan shilling currency. [ 1]
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...
Kenya, officially the Republic of Kenya ( Swahili: Jamhuri ya Kenya ), is a country in East Africa. With a population of more than 47.6 million in the 2019 census, [ 12 ] Kenya is the 28th-most-populous country in the world [ 7 ] and 7th most populous in Africa. Kenya's capital and largest city is Nairobi, while its oldest and second-largest ...
The hypothetical currency is sometimes referred to as the afro or afriq. [2] In April 2021, Wamkele Mene, Secretary General of the AfCFTA said: "I don't know how long it will take for Africa to have a common currency. It may not happen in our lifetime, but we have got to start somewhere to address the multiplicity of currencies as a constraint ...
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
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]
The East African shilling was introduced to Kenya, Tanganyika, and Uganda in 1921, replacing the short-lived East African florin at a rate of 2 shillings to 1 florin. The florin had been introduced because of increasing silver prices after World War I. At that time, the Indian rupee was the currency of the British East African states.
M-PESA(Mfor mobile, PESAis Swahilifor money) is a mobile phone-based money transfer service, payments and micro-financingservice, launched in 2007 by Vodafoneand Safaricom, the largest mobile network operator in Kenya.[1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africaand Ethiopia.