The strengthening of the Kenya shilling in the six months to June lifted earnings for Nairobi Securities Exchange (NSE)-listed firms with dollar-denominated loans.
For instance, data shows that five companies with such facilities including TPS Eastern Africa, Car and General, Kenya Airways, Umeme, and Sameer Africa booked a combined Sh6.2 billion in unrealised exchange gains from foreign currency loans held, contrasting to losses of Sh15.9 billion from a weaker local unit at the same time last year.
