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On 14 September 1966, the Kenyan shilling replaced the East African shilling at par, although the latter was not demonetised until 1969. The Central Bank of Kenya issued notes in denominations of 5/=, 10/=, 20/=, 50/= and 100/=. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and ...
8 July – A Kenyan court rules that the 2022 killing of Pakistani journalist Arshad Sharif by police in Nairobi was unlawful and orders the Kenyan government to pay 10 million Kenyan shillings ($78,000) as compensation to his family. [23]
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 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 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 ...
Eco-Pesa is the name of a Kenyan community currency, used to reduce poverty and support environmental conservation in a slums areas inside the Kongowea Location, Mombasa District, Kenya. [ 1 ] [ 2 ] [ 3 ] Pesa [ 4 ] is a Swahili word for money .
Sale to individuals under age 18 is still prohibited, as is sale through automatic vending machines. Anyone making or selling adulterated chang'aa risks penalties of five million shillings, five years in jail, or both. [2] Chang'aa is usually much cheaper and stronger than other alcoholic drinks, making it the beverage of choice for many.
The longest-running scandal is the Goldenberg scandal, [19] where the Kenyan government subsidized exports of gold, paying exporters in Kenyan shillings (KSh.) 35% over their foreign currency earnings. In this case, the gold was smuggled from Congo. The Goldenberg scandal cost Kenya the equivalent of more than 10% of the country's annual GDP.
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