Leading Economic Indicators – July 2024
About Report
Statistical Releases
Leading Economic Indicators
July
2024
Overview
In July 2024, the Kenyan Shilling depreciated against most major trading currencies, except for the Tanzanian Shilling. The Central Bank of Kenya maintained its benchmark interest rate steady at 13.0 per cent, while the average yield rate for 91-day Treasury Bills and interbank rates rose to 13.17 per cent. The Nairobi Securities Exchange (NSE) 20 Share Index recorded positive growth, accompanied by an increase in shares traded and equity transactions. Trade volumes expanded significantly, with notable growth in both exports and imports, particularly in Coffee and Tea. Local electricity generation and sales increased, although electricity imports and exports declined. Production of sugar, soft drinks, and vehicles increased, while output of galvanized sheets fell. Cargo throughput at Mombasa Port fell, while export volumes grew, imports declined, and there was a modest rise in both transshipments and restows.