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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 National Youth Service Scandal was a corruption scandal within Kenya's Ministry of Devolution and Planning.Ksh. 791 million ($7,650,000) is said to have been stolen from the ministry's coffers, with some saying that figure could have been as high as Ksh. 1.8 billion ($17,400,000).On October 31, 2024, Milimani Anti-Corruption Court Magistrate Wendy Kagendo delivered the verdict, jailing two ...
The fund was launched on November 30, 2022. It was announced that the fund would have access to a funding pool of 50 billion shillings (roughly $409 million USD) a year over at least five years and would provide individual loans of up to KSh 50,000.
The exchange rate of the Kenyan Shilling between 2003 and 2010 averaged about KSh74-78 per US Dollar. [67] The average inflation between 2005 and July 2015 was 8.5%. [68] In July 2015 Kenya's inflation rate was estimated to be 6.62%. [69]
KSh –22,696 million (US$–175 million) (FY 2023) [4] ... In a complex deal, stakeholders agreed to convert close to half a billion US dollars in equity loans ...
The bank is a medium-sized financial institution in Kenya, serving corporate clients, small and medium enterprises and individuals. As of December 2013, the bank's total assets were valued at about KSh.15.562 billion/= (US$180 million), with shareholders' equity valued at about KSh.1.371 billion/= (US$16 million). [3]
At the time it was acquired, I&M Bank Uganda, according to The East African newspaper, had a customer base of about 70,000, deposits worth KSh 18.2 billion (US$170.09 million), and a net loan book of approximately KSh 7.7 billion (US$71.96 million). At that time, the bank employed 340 members of staff, in 14 networked branches, and maintained ...
If the amount is written using words as well as numerals, only the prefix is used (e.g. TSh 10 million). This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in ...