Kenyan banks booked Sh57 billion in currency losses in the financial year ended December 31, 2024, after the shilling appreciated against the dollar and the currencies of the countries in the region where they have subsidiaries.
Last year, the Kenya shilling gained by 14.8 percent against the Uganda shilling, 15.3 percent against the Tanzania shilling, 20.4 percent versus the Burundian franc, and 25 percent against the Rwandese franc.
