World’s Best Currency Helps Slow Kenya’s Inflation to 2-Year Low

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3 ай бұрын

Bloomberg News' Ondiro Oganga reports on Kenya's Shilling appreciating 19% this year and inflation marking a 2-year low. She speaks with Vonnie Quinn on Bloomberg Daybreak: Middle East & Africa.

Пікірлер: 253

@conspirancytheories 3 ай бұрын

Good to see Ondiro is reporting live from Kigali, Rwanda & not Nairobi, Kenya🤣!

@DelilahShane 3 ай бұрын

Right? At this point, is the info even reliable, is she kenyan based in Rwanda? So many questions

@prosescholar2149 3 ай бұрын

😂😂😂😂 this is laughable

@mourice1669 3 ай бұрын

😂😂😂

@am_theman 3 ай бұрын

As I Kenyan, I can say this is just propaganda, the food prices are still high and so are transport prices

@reetijanofficial2284 3 ай бұрын

Very true, nothing has changed, they raised fuel prices by Ksh.50 and reduced it by Ksh. 12. Its all just games, manipulation, and propaganda

@antonymwangi4986 3 ай бұрын

Take a bowl and start begging from white people. Food prices have dropped significantly but you just want a white saviour. Go to hell!

@stephanololkinyiei8684 3 ай бұрын

Currently 90kg maize is 1500/ from 6500/ last year ... Maybe .. your not living in Kenya ...

@brillianttechnologies3442 3 ай бұрын

as a Kenyan, prices of food commodities have gone down. Sugar and flour retailing at an all time low

@eldios831 3 ай бұрын

Floor was 200 a year ago now for 130...I may not like the government but am not a pessimist all the time

@wayando 3 ай бұрын

These guy are playing with our heads ... Increase by 50 then decrease by 20 6 months later ... Then congratulate yourself! 😂😂😂

@SiriusGlow7 3 ай бұрын

The shilling is still gaining against these currencies, so one can reasonably predict further decreases in commodity prices

@tituskirima4661 3 ай бұрын

I saw this lady (Ondiro) bashing Gov't steps taken to improve Kenya's economy a few weeks ago! Amazing!😇

@TheTororist 3 ай бұрын

she is a good journalist but she is clearly anti ruto. she contributes to many channels and her bias shows clearly. I cant blame her, kenyans are too political. but numbers cant lie. and bloomberg just follows the numbers. personally thats all i care about the regime, gdp numbers, inflation numbers, etc

@daydrobeats6453 3 ай бұрын

love to see it 😂😂😂😂

@mourice1669 3 ай бұрын

Lol appreciation of the shilling doesn't mean that the Economy has improved

@sherr0ne.sh1r04 3 ай бұрын

Pia mimi nikiitwa Bloomberg I will show up, it will def look good on her resume, hebu tumwache apate shingi zake😄🎉

@jaywhoisit4863 3 ай бұрын

Prices are definitely stabilizing but we have bigger issues than the price of tomatoes or Ugali.

@raquel7123 3 ай бұрын

As a Kenyan, yes prices of produces have started going down and as a person who was holding USDT. It's not fun anymore. Shilling is strong.

@NPY2024 3 ай бұрын

Maybe you should sell before the Fed nails it further

@somaflam 3 ай бұрын

I sold usdt when kes was trading around 169 per 1 usd 4 months ago. Thank God I did that

@OwenKodi 3 ай бұрын

Which prices have gone down? Electricity is still up, the decrease in fuel price is negligible. Please respect yourself

@somaflam 3 ай бұрын

@OwenKodi the reason is the retailers don't know how the exchange market works. Whenever prices increase, that's it. There will be no decrease in price of commodities

@OwenKodi 3 ай бұрын

@@somaflam That's the reason why there is nothing to celebrate or be happy about.

@edwinkaruga4875 3 ай бұрын

There is absolutely NO "steady decline" in the prices of food, water, transport, electricity, and gas in Kenya. Quite the opposite.

@TheNationalist-w9v 3 ай бұрын

There's steady decline I was surprised to buy sugar at 140 down from 220+

@njambizzy 3 ай бұрын

@@TheNationalist-w9v cooking oil and unga prices are down by quite a bit as well. I'm buying my unga at 130 down from 240.

@InsightfulBibleExploration 3 ай бұрын

@@TheNationalist-w9vnothing has declined, they mentioned on news why sugar price reduced, 1kg of chickpeas was 260 now 420, a sachet of white coffee was 20 not 25-30.

@philipngure7045 3 ай бұрын

@Wesh997 I am a Kenyan and I live in Central Kenya. I can truthfully say that prices are falling.

@bluekong5337 3 ай бұрын

Hamko serious ..alafu ondiro umelipwa kuuza jabaaa huko

@alickak8346 3 ай бұрын

Kenya is a good example to East Africa.. i wish they wont make a mess to Use a single EA Currency with other poor-performing economies like Uganda and Burundi.

@oneCommunitty 3 ай бұрын

If that happens Kenya will be the greatest beneficiary of that merger. And in the long run that will sort out currency volatilities

@village-Dreamer 3 ай бұрын

Wow .. im happy for Ondiro Oganga

@watulukamedia6724 3 ай бұрын

Kenyans don’t celebrate because this appreciation is due to Wall Street, they are fooling you, every time an African currency has appreciated it is followed by massive declines, happened to Ghana, happened to Zambia in the last 3 years. Our currencies in Africa should doing better than the US because we are not printing free money like them, and we are not in debt like them and we have more in our ground than them

@njambizzy 3 ай бұрын

Massive declines in Zambia and Ghana happened because they defaulted on their loans.

@eacoincmubiru5894 3 ай бұрын

They can afford to print because their currencies are reserve currencies.

@watulukamedia6724 3 ай бұрын

@@eacoincmubiru5894 Actually they can’t, they have created fake economies which they are now just controlling by transferring inflation to you. Very soon it’ll gone crumbling

@watulukamedia6724 3 ай бұрын

@@njambizzy That contributed, but in Zambia currency went up after then it just dropped, its wall at playing with you, every currency in Africa is in continuos depreciation, recently foreign banks in South Africa were caught conniving to bring the rand down through illegal means.

@denniskariuki4215 3 ай бұрын

when jobless people have data for browsing they will be yapping anything on social media to seem intelligent 😅

@mv55555 3 ай бұрын

I remember as a child one USD was about 7/- and 5¢ was the smallest coin.

@jroccondatrack0783 3 ай бұрын

Yup most Americans dont understand why our dollar is inflating

@polycapotieno3538 3 ай бұрын

Its true food prices have gone down, relatively. Sugar for instance has reduced in price by over 25 per cent in the last 6 months or so

@TheTororist 3 ай бұрын

importantly, the staple maize flour has gone down by over 50%

@TheColoumse 3 ай бұрын

For the unprocessed maize. It had dropped by 100%

@ring-tone278 3 ай бұрын

Playing with currency exchange is playing with fire. You only have to look at the case of Zimbabwe where a loaf of bread costs 1b. Uganda, Somalia (wheel barrow to carry notes), Venezuela. Its a no, no zone. Please don't politicize and muck around with an artificial exchange rate. Let the shilling find its own value.

@felixmakinda7689 3 ай бұрын

Nobody appears to understand the magic happening behind the scenes. Anyway, let's hope the shilling continues improving.

@AmazingMania 3 ай бұрын

@@wanjohimike6602 don't mind him these are pessimists who are on standby waiting for bad things to become keyboard warriors....not that he knows anything he's just unhappy that it's happening....a typical bitter kenyan

@user-pp5cm1sc7x 3 ай бұрын

@@wanjohimike6602 no magic, just artificially propped up by the euro bond.

@kevinochieng6458 3 ай бұрын

Conducive environment brought by stable political environment.All this started when Raila met with president Ruto in Uganda

@TradeIQ_Profits 3 ай бұрын

LOL, mentioning Ruto embarrasses them...they said he would fail miserably🤣😂😂

@decoloniz_afro 3 ай бұрын

Unpatriotic Kenyans always comment nonsense

@ring-tone278 3 ай бұрын

Diaspora should not send money until the exchange rate is right. They don't get this money for free. They work hard for it, so they should get a fair rate.

@eastafrika728 3 ай бұрын

The only problem is that the government is doing all that for politicians and government officials and their families, the economy in Kenya has nothing to do with Kenyans outside the government or politics. If you asked the government how each citizen is doing by personal statistics, they don't know because they don't care.

@gregorykagoat2590 3 ай бұрын

Kwani niko nchi nyingine😌

@BensonNyasae 3 ай бұрын

World's best performing currency for now. Not world's best. They are playing with our heads somewhere because soon the dollar is going gain against Kenyan currency. We don't manufacture anything, we don't export much, what will make the Shilling hold onto these gains in the long term? Look at the Ghanaian Cedi. It was the best performing currency just a year ago. Where are they now?

@daydrobeats6453 3 ай бұрын

Utangoja sana😂😂😂

@nicholaskiwanuka4496 3 ай бұрын

Don't be a naysayer or pessimist all the time. For once, appreciate a good thing about our country.

@ndetokiio3563 3 ай бұрын

@@nicholaskiwanuka4496 is it kenya affecting the changes or is u.s.a dollar declining

@njambizzy 3 ай бұрын

Ghana defaulted on their loan and that affected their Cedi. Also, please go further back on the history of the Cedi. Ghana took several Zeros off their currency to make it trade 1:1 to the $

@BensonNyasae 2 ай бұрын

@@nicholaskiwanuka4496 Right now the shilling's trajectory is not based on any economic fundamentals. It was just an event that triggered the gain. We are still doing poorly on matters to do with trade balance. Like i said, It's only a matter of time before the shilling loses whatever it gained. So this is not about pessimism or anything. I am simply stating facts unlike you who is emotional for reasons unknown to us.

@daniellouis8722 3 ай бұрын

Magic by Kenyans!

@janebubat 3 ай бұрын

Good news for Kenya, keep up.

@ultimatetradingtools101 3 ай бұрын

Give it Time.

@sageforce9306 3 ай бұрын

As someone who earns in dollars this sucks. It's not like that has had any effect on the cost of living things are syill very expensive in the country

@RenaissanceBoss 3 ай бұрын

Chekeni mkipita..

@bluekenya4825 3 ай бұрын

What a spin! The dollar must go. That's the international resolve.

@nesking3115 3 ай бұрын

My wife is Kenyan

@fredrickonjiko391 3 ай бұрын

Cooking gas is at all time high

@gjwehliye4416 3 ай бұрын

The price of sugar goes down to 30%. Inflation has eased . Thanks to our government's robust policies.

@ngari117 3 ай бұрын

transport is at its highets,this kenyan presenter is geekin

@sethrono6013 3 ай бұрын

Thanks for the coverage Bloomberg. In Swahili we say Ahsante sana.. which means thanks. It's impressive to see that you have a pulse on Africa. Generally Africa doesn't receive enough coverage. Especially regarding positive occurrences. We hope to reinvigorate Kenya.. to be the land of Hakuna Matata it once was. BTW Hakuna Matata means no worries. Ahsante sana. Karibu Kenya. You are welcome to tour our amazing country. Cheers. Y'all.

@oromosheilkoromo6964 3 ай бұрын

Good morning congratulations to truth Kenyan dreams watching from Saudi Arabia mecca my name is Rukia Ahmed community led volunteer work in Kayaba slump

@blasiosefu3605 3 ай бұрын

The moment we stop trading in Dollars then Kenya can talk as equals

@cheruiyotization 3 ай бұрын

William Ruto, the professor of Politics and Economy

@SamuelObierojr 3 ай бұрын

The Kenyan govt is taking us for a ride, thinking we are fools. Economics is a common unit in our universities.

@katemwithagamedia 3 ай бұрын

Is it just me, or are we all lowley pissed that they are using the old notes for brolls? As I Journalist, we should keep up with the new

@deejaybluemoon1 3 ай бұрын

Which country are you talking about? Coz the Kenya I'm in is bloody expensive.

@SamuelObierojr 3 ай бұрын

Bloomberg is using our former notes😂😂😂Funny enough

@mohammedhassan8155 3 ай бұрын

the KES has definitely gained against the USD in the las 2 to 3 months, thereby easing inflation but we all know what the Kenyan government (CBK) has done and it's not sustainable in the long run. I recon the KES/USD rate will go back to the 160/165 by June this year.

@TheTororist 3 ай бұрын

dot put your money on it. it is just now finding its real value

@gideonmuchina9242 3 ай бұрын

Please explain why you are saying that

@hai.zzzzzz 3 ай бұрын

It will take years before you see the 165 again, i wanted to invest 300,000$ in kenya and now I want to play my cool and wait. $ is everywhere in the market, shilling might still gain strength for the next few years. Then the same cycle will restart again.

@NjokiNganga-um2ni 3 ай бұрын

Just answer the question without the stiff gab🥴

@user-pp5cm1sc7x 3 ай бұрын

i know right

@samsamsamie 3 ай бұрын

That's not very nice

@jobmbugua7291 3 ай бұрын

Wamama na wivu, na viombo inakungoja kwa sink

@GKC.777 3 ай бұрын

@@jobmbugua7291na bucket 3 za nguo

@NjokiNganga-um2ni 3 ай бұрын

@@jobmbugua7291 Vyombo za mamako pia zilimngojea. Like as if yeye ndiyo alikuwa the ultimate "attendant of ceramics"...ama ni plastic?🙃

@cindyaudy2307 3 ай бұрын

I could feel the difference, needing less KES to buy the dollar for this past one month

@NjonjoNdehi 3 ай бұрын

The reason the KSh has strengthened is because the government has raised billions of dollars that it's yet to spend.

@GHM791 3 ай бұрын

Tell as it is: how it plummeted to the worst in its history since last year..

@mcotton3077 3 ай бұрын

Nice! Major steps in the right direction!!

@reubenothuol1823 3 ай бұрын

wapi.. ati you increase it from 118 to 165 then reduce it to 131 and you sing the economy is improving... Ukora tupu.

@fredrickonjiko391 3 ай бұрын

Inflation slowing and shops are not responsive😮😮

@Kencan254 3 ай бұрын

Ruto economics is working.

@kinuthiamatata6040 3 ай бұрын

not good for everyone

@pittwaymaina4759 3 ай бұрын

Ondiro from Kigali, Rwanda 😂😂😂

@JoyzMichelles-eh8vs 3 ай бұрын

Gulf people just relax and don't send any money for now not unless is emergency remember what you're going through to get that salary just relax and keep eye on coz today you send with lower rate tomorrow goes up then you loose

@PecPur 3 ай бұрын

wtf where in kenya do I live?

@davidpierson4973 3 ай бұрын

High food prices and people have no money let no one lie to you guys high taxation is the norm here to build houses that people don't want.

@TheNationalist-w9v 3 ай бұрын

Look for money us we're enjoying! Have you never heard that one of the qualities of money is it's scarcity

@davidpierson4973 3 ай бұрын

@@TheNationalist-w9v you and who are enjoying? Who even asked you if you have money stop bragging and i can buy you food.😂

@TheNationalist-w9v 3 ай бұрын

@@davidpierson4973 I'm enjoying instead of wasting time here online go look for money

@moussa8512 3 ай бұрын

When they are saying good things about you, its because they want something from you. Be careful kenyans

@AKRGO 3 ай бұрын

Food prices hasn't change a bit, government tax going up, things will be mess again in few months.

@openyard 3 ай бұрын

Clearly propaganda. She ahss not mentioned this exchange rate at the time the current government took office and that the exchange rate had been stable for several years before that. I short if you looked at the 5 year trend what do you see. Before commenting, have a look at this time series chart.

@ShukriGufu-ec3gk 3 ай бұрын

How is it helping anyone

@amoshunja5924 3 ай бұрын

What is this? Reporting from Rwanda on Kenyan issues? Unbelievable or are hotels very expensive in Kisumu?

@wabuchesam5422 3 ай бұрын

Am Kenyan and unfortunately you're spreading propaganda

@MOGAKANJAMES 3 ай бұрын

Which Kenya are you guys talking about?

@gerg325 3 ай бұрын

Based in Rwanda? Using old pics of our money? 😂😂😂 you need someone on the ground!!

@josefduttyreh2409 3 ай бұрын

Kwa ground mambo ni tofauti

@ndukulusudikucho_ 3 ай бұрын

Majirani haya ni matumizi mabaya ya lugha za Kigeni 😂😂😂 kweli majirani mmeweza kupambana na mfumuko wa bei? Nasikiliza huku nacheka kwa sauti , hizi taarifa waambieni Wazungu tu mana sisi majirani tunajuana vizuri Tena saaana , labda Nairobi pekee mana wakazi wenu waliopaka na sisi karb wote huvuka kununua biadhaa upande mwingine wanasema vitu havishikiki huko

@Eiarlk 3 ай бұрын

Asante kwa maoni,,yako rudia ukitumia kimombo ...

@vimtech 3 ай бұрын

si ni nyinyi mlikuwa mwang'ang'ania sukari juzi juu ya iukosefu? unacheka nn sasa. Ila sikulaumu, watanzania wapumbavu tu naturally.

@Djehoo 3 ай бұрын

lol, why is the news not from kenya?

@eugenekariuki4272 3 ай бұрын

Are we talking about the same Kenya🇰🇪 👀I'm in guys!!!?? Let's stop jokes 😂😂.... Come live here and then tell me exactly what's actually gone down since this Govt took power... Actually to see just how bad things are, look into the fertilizer saga and stop fake one-sided news.. That will show you exactly how bad things are economically.

@itke 3 ай бұрын

Huh🤔, which country are you talking about? Ama mimi niko nchi ingne? It ain't April 1st right? You should perhaps have me as your Kenyan correspondent. Kigali is far.

@ancientpathssauciety1892 3 ай бұрын

Textbook theories

@naphtalndonga5444 3 ай бұрын

Maybe i live in Uganda and i don't know.

@Skreept 3 ай бұрын

Wow, isn't this well orchestrated! Sounds like an UDA ad. There's no way Oganga collected this data herself, if she did.. She probably read brochures.

@TheTororist 3 ай бұрын

you think bloomberg doest do its own research? they are a leading business news outlet worldwide. they dont put out rumours or propaganda. just hard numbers. kenyans are the ones who like to politicize everything

@isaaconyach9401 3 ай бұрын

This has not translated into cost of living at all

@nezargatere4710 3 ай бұрын

Propaganda- the shilling is still weak, and weaker than before Ruto took office

@tko2302 3 ай бұрын

Pumping into the Kenyan economy a huge amount borrowed dollar creates a false gain of the Kenyan shilling. The gain is not magic, but as usual, a lie.

@hai.zzzzzz 3 ай бұрын

Even that sudden depreciation to 165 wasnt normal too, the currency will float anywhere from 110-140 or 150 foe the next few years. The cycle will start over again soon and this time $ will pass 180

@lilwicky1819 3 ай бұрын

Uongoooooooo

@kevinoduor9841 3 ай бұрын

hizo vidole kwa avatar?

@JudeMarchisio 3 ай бұрын

Wtf is "Best currency"? Smh.

@seasurfer9173 3 ай бұрын

This is just Market Manipulation! Ondiro Oganga please do your research

@mayjahomes2021 3 ай бұрын

Why all this lies? We know we are borrowing like idiots. Payment Grace period upto 2029.

@bluekong5337 3 ай бұрын

She ain't Kenyan jina Tu 😂😂 story za Kigali .

@kachytv254 3 ай бұрын

FAKE GAIN COZ OF EUROBOND

@franckangira7448 3 ай бұрын

What is this that you’re reporting and could you share with us your source. This is the real definition of “Propagandist media at it’s best “

@OWOH_AVENTURE 3 ай бұрын

So what's this world best currency? You should report about kenya while I kenya 😅

@wanjalajesse1694 3 ай бұрын

RUTO🔥🔥🔥

@karoshtracy8050 3 ай бұрын

Which Kenya are you talking about,the east African one,cause l live in Kenya east Africa,and wat l hear you say ,not this Kenya l live in,l think you got the country wrong

@kadenyoIII 3 ай бұрын

Kumamazenu wazungu

@techcrypto5301 3 ай бұрын

All she's saying is not true

@gserieskenyamedia 3 ай бұрын

Why are you being used to lie, the ground is different

@elvismunene1125 3 ай бұрын

Which Kenya are they talking about😂😂😂 not the one am living in

@BornIn82 3 ай бұрын

Uwongo 😂😂😂

@stephanololkinyiei8684 3 ай бұрын

Our president has beaten the dollar ...

@garlinsk 3 ай бұрын

Propaganda....Prices of commodities in Kenya are very High..The dollar has no impact on the local prices of commodities.

@ianmunene 3 ай бұрын

fake news ... gas prices, electricity, fuel, and transport are at an all-time high .. why is this reporter capping??

@smkariuki 3 ай бұрын

Hehehe... If she was a mzungu from urop guys wouldn't have a problem with her opinion about kenya economy 😅 reverse racism is real!

@desertstormer7556 3 ай бұрын

That's true, but the mzungu is clearly not African. A Rwandan here is disguising as a Kenyan to speak for us which is why

@TheTororist 3 ай бұрын

she is a mjaka from kenya. she was even based in ghana one time@@desertstormer7556

@TheTororist 3 ай бұрын

@@desertstormer7556 ni mkenya bro.

@derrickwakhungu9707 3 ай бұрын

Jaba 😂😂😂

@austinmassawa2396 3 ай бұрын

this looks more like AI generated thing

@wallacekatini3424 3 ай бұрын

Why invite some unknown figure from little kigali than invite many economists from the much grandeur from Kenyas capital Nairobi?😂😂 Bloomberg is a BIG JOKE!

@jaywhoisit4863 3 ай бұрын

Her name and accent suggest she is Luo Kenyan.

@desertstormer7556 3 ай бұрын

Invite a Kenyan and it will become political

@tituswangira5337 3 ай бұрын

@@jaywhoisit4863luos are not guaranteed Kenyans.. they might be Ugandan