- The Central Bank of Kenya indicated how the Kenyan shilling performed against regional and international currencies
- In its weekly bulletin, the bank showed that the value of the local currency dwarfed the Ugandan currency
- The Kenyan shilling’s strength was boosted by high foreign exchange reserves, which ensured it remained stable
TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting, offering insights into Kenyan and global economic trends.
The Kenyan shilling has remained stable against the Ugandan shilling after President Yoweri Museveni threatened a future war with Nairobi over access to the Indian Ocean.
Source: Twitter
This is according to the Central Bank of Kenya’s weekly bulletin, which was released on Friday, November 14, highlighting financial and monetary developments in the country.
“The Kenyan shilling remained stable against major international and regional currencies during the week ending Thursday, November 13, 2025,” the bank stated.
What is the value of the Kenyan shilling against Ugandan shilling?
In its latest report, the CBK noted that the local currency exchanged at 27.42 per unit against the Ugandan shilling on Thursday, November 13, 2025.
This was compared to 26.96 per unit on Thursday, November 6, indicating that the Kenyan shilling slightly appreciated.
Against the Tanzanian shilling, the Kenyan shilling also remained steady, trading at 18.98 on Thursday, November 13, compared to 19.03 on Thursday, November 6.
The Kenyan shilling also maintained its dominance against the Rwandan and Burundian francs, exchanging at 11.24 and 22.83, respectively, similar to the week ending Thursday, November 6.
What is the value of the shilling against the US dollar?
The CBK said the Kenyan shilling remained stable against the United States (US) dollar.
It exchanged at KSh 129.25 per US dollar on November 13, compared to KSh 129.23 per US dollar on November 6.
The shilling’s strength was boosted by high foreign exchange reserves, which stood at $12,292 million (KSh 1.59 trillion).
“The foreign exchange reserves remained adequate at USD 12,292 million (5.4 months of import cover) as of November 13. This meets the CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover,” the CBK stated.
Source: Twitter
What was Museveni’s Indian Ocean warning?
Museveni discussed the potential for Kenya and Uganda to go to war on Sunday, November 9.
The long-serving Ugandan leader described how landlocked nations in Africa are denied access to the ocean despite it being a vital conduit for trade and strategic defence.
He explained why nations should stop claiming exclusive possession of the ocean with concrete examples.
He compared Africa’s geographical arrangement to a shared apartment where each level has equal access to the compound.
According to him, it is irrational for ground-floor residents to assert that they are the only proprietors of the compound inside an apartment building.
What was Kenya’s response to Museveni?
Foreign Affairs PS Korir Sing’oei downplayed Museveni’s threat, citing Kenya’s adherence to legal frameworks.
Kenyans on social media dared Museveni to invade their country, warning that Nairobi would prevail.
Ugandan People’s Defence Force officers have since visited Kenya on a benchmarking mission.
Source: TUKO.co.ke
