Leading Economic Indicators – May 2024
About Report
Statistical Releases
Leading Economic Indicators
May
2024
Overview
In May 2024, the Kenyan Shilling appreciated against the Japanese Yen and Tanzanian Shilling but depreciated against the US Dollar, Sterling Pound, Euro, South African Rand, and Ugandan Shilling. The average yield rate for 91-day Treasury Bills fell from 16.16 per cent to 15.91 per cent, while the Central Bank of Kenya maintained its benchmark interest rate at 13.0 per cent. The NSE 20 Share Index rose from 1,691 points in April to 1,722 points in May, and the volume of shares traded increased significantly from 301 million to 510 million, with equities market turnover more than doubling to KSh 16.0 billion. Exports of coffee and tea declined in both quantity and value. Trade volume decreased from KSh 329.1 billion to KSh 307.1 billion, export value increased slightly to KSh 94.5 billion. Key export destinations were Uganda and Pakistan, while major import partners were China and the UAE. Local electricity generation grew from 997.8 million KWh to 1,023.5 million KWh, with geothermal as the main source and wind generation showing notable growth.