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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 ...
Unofficial exchange rates at the time fluctuated between 4,000/- and 5,000/- per dollar. In December 2008, the official rate had fallen to 7,500/- per US dollar. [11] In December 2015, the generally recognized exchange rate was 6,000/- per US dollar, and by July 2019, the generally recognized exchange rate had dropped to 8,500/- per US dollar.
Prices in the Ugandan 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.
The average rate for shorter 15-year terms is 6.25% for purchase and 6.24% for refinance, down 9 basis points from 6.34% for purchase and 11 basis points from 6.35% for refinance this time last week.
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 ...
On 23 December 1971, it was repegged to the U.S. dollar, this time at a rate of 1 dollar = 6.57895 shillings. The shilling was devalued by 5% to 1 dollar = 6.92522 shillings on 8 January 1972. On 24 February 1973, the peg to the dollar became 6.23272 shillings.
With a capital of just KSh 20,000 (about $200), he started buying milk from Kinoo and Kiambu and supplying the city hotels both in Nairobi and Mombasa. [7] With a saving of Ksh 60,000(US$600), he borrowed almost KSh2 million (US$20,000) from a Shylock in 2009, to set up Shade Systems where he ended up paying back the money with a million ...