Returns on foreign assets rally as Kenya shilling weakens

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The weakening of the Kenya shilling is raising the value of returns on assets based on foreign currencies. PHOTO | SHUTTERSTOCK

The weakening of the Kenya shilling is raising the value of returns on assets based on foreign currencies, cushioning diversified investors from local economic challenges.

Equities and fixed income investments tied to the US dollar and regional currencies have posted relatively better returns at a time when the local currency has depreciated significantly over the past two years.

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Note: The results are not exact but very close to the actual.